Iberdrola and the Port of Rotterdam aim to establish a supply chain to ship/import green hydrogen and its derivatives to meet the expected demand in the Netherlands and Northwest Europe.
The memorandum of understanding signed by the partners includes the potential establishment of a supply chain to ship hydrogen and other derivatives produced by Iberdrola in different geographies to the Port of Rotterdam.
This will then be distributed to off-takers in the Netherlands and other countries in Northwest Europe (namely, Belgium and Germany), as well as connecting with port service providers.
Given the role of Rotterdam as a main port for the distribution and production of new fuels and feedstocks, Iberdrola is interested to also develop an electrolyser in the Rotterdam Industrial Clusterfor additional local production of green hydrogen.
In addition, both parties will explore the potential for local production by Iberdrola of green hydrogen at the port.
In this sense, the company has identified the Netherlands as a key market to develop the green hydrogen economy since it is Europe’s second largest consumer of hydrogen after Germany.
Together with exporting countries, the Port of Rotterdam wants to supply Northwest Europe with up to 4.6m tonnes annually by 2030.