4 Nov, 2022 @ 12:44
1 min read

Spain will get two green fuel plants in massive deal with shipping company Maersk

Spain will get two green fuel plants in massive deal with shipping company Maersk
Danish shipping giant Maersk, which moves a sixth of global trade, has rerouted all vessels around the Cape of Good Hope since the Houthi attacks began. Credit: Cordon Press

DANISH shipping company Maersk will build two major green hydrogen production centres in Spain as it looks to decarbonise its fleet.

The freight transporter has signed a deal with the Spanish government for large-scale green fuels production in the country.

Prime Minister, Pedro Sanchez, said: “This project is perfectly aligned with Spain’s strategy of re-industrialisation via the green hydrogen roadmap for decarbonisation.”

Maersk will invest €10 billion in Andalusia and Galicia to develop two of the ‘five or six’ production centres it needs to produce carbon-neutral fuel to serve its international energy needs.

The deal could create up to 85,000 temporary and full-time jobs.

It’s believed the plants, when fully operational, could deliver two million tonnes of green fuels per annum.

The energy needed to manufacture green hydrogen will be generated in wind or photovoltaic parks promoted by Maersk, either through direct ownership or signing long-term supply contracts with providers.

The new plants are expected to be at full capacity by 2030.

READ MORE:

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 bedroom Apartment for sale in Casares with pool garage - € 238
Previous Story

1 bedroom Apartment for sale in Casares with pool garage – € 238,200

Scandal of cheap Spanish wine exported to France with bogus 'French' labels slapped on bottles
Next Story

Scandal of cheap Spanish wine exported to France with bogus ‘French’ labels slapped on bottles

Latest from Business & Finance

Go toTop

More From The Olive Press

Benidorm brothel exploited vulnerable women round-the-clock with four victims rescued by police

FOUR women have been rescued by the Policia Nacional in
Spain's top supermarket Mercadona announces €150m in food price cuts including olive oil

Spain’s top supermarket Mercadona announces €150m in food price cuts including olive oil

SPAIN’S leading supermarket in terms of market share- Mercadona- says