Portuguese-Danish-Dutch consortium plans $1.1 billion hydrogen plant in Sines | The Mighty 790 KFGO

By Sergio GoncalvesLISBON (Reuters) – Portuguese project developer Madoqua Renewables, Danish fund manager Copenhagen Infrastructure Partners (CIP) and Dutch firm Power2X announced plans on Thursday to invest 1 billion euros ($1.09 billion) in a green hydrogen plant in Portugal.First production at the plant to be erected in the port city of Sines, 150 km (93 miles) south of Lisbon, and to be powered by wind and solar parks that will be built in parallel, is expected by 2025, they said in a statement.So-called green hydrogen, produced using renewable electricity, is seen as a key power source that can reduce pollution from long-haul heavy transport, steel and chemical industries and power generation.The companies said the plant would include a 500-megawatt electrolyzer to produce 50,000 tonnes of green hydrogen and 500,000 tonnes of green ammonia per year.The partnership…

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