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Dutch-Portuguese project development company Madoqua has signed a memorandum of understanding (MoU) with Port of Sines, Port of Rotterdam, and duisport to establish a green fuels corridor connecting Portugal with the Netherlands and Germany.
Backed by the Portuguese government, the parties signed the MoU on November 5, 2024.
As disclosed, the partnership aims to enable a renewable supply chain for green hydrogen derivatives, including ammonia, methanol, and liquid CO2.
The key aspects of the agreement include a dedicated €500 million investment for green fuel exports, i.e. moving hydrogen derivatives and CO2 through this corridor that will serve as a gateway from Southern Europe to the industrial heart of Northern Europe, and utilizing Madoqua’s terminal in Sines to anchor this initiative and set up a green energy hub.
At the Port of Sines in Portugal, Madoqua proposed to build a green fuel storage and bunkering terminal, powered by solar PV installations.
The Madoqua Green Fuels Terminal was selected as one of Europe’s core projects for CEF Energy funding by CINEA – European Climate, Infrastructure and Environment Executive Agency and is expected to will accelerate large-scale deployment of renewable generation to be transformed into green methanol, biogenic CO2, and green ammonia, and exported to other EU Member States in Northwestern Europe hub.
Through the MadoquaPower2X consortium, the Dutch-Portuguese company is developing a project that will use renewable energy and 500 MW of electrolysis capacity to produce annually 50,000 tons of green hydrogen and 500,000 tons of green ammonia at a large scale in Sines.
This industrial-scale project (1.2 GW) represents a €2.8 billion investment across two phases and will create over 150 direct and 2,000 indirect jobs, Madoqua said.
In the towns of Maceira and Pataias, the company is working on the MadoquaSynfuels (e-methanol) project, a large-scale production facility that will use renewable energy to produce 320,000 tons of e-MeOH annually. |
