Sector News

Borealis and Verbund announce plans for industrial-scale green-hydrogen production in Austria

October 8, 2022
Energy & Chemical Value Chain

Borealis Group (Vienna, Austria) and VERBUND have initiated a decarbonization project that will use green hydrogen to produce fertilizers, melamine, and technical nitrogen on an industrial scale in a more sustainable way.

The joint project taking place within the framework of the pan-European IPCEI (Important Projects of Common European Interest) process entails the production of green hydrogen at an industrial electrolysis plant (60 MW) using electricity from renewable sources and deionised water. The green hydrogen will be used to produce fertilizers, melamine and technical nitrogen at Borealis operations in Linz, Austria. The oxygen generated by water splitting in the course of the electrolysis process will be used directly in production. The electrolyser will also provide grid services for the transmission network. The electrolysis plant is scheduled to commence operations in 2025, with projected annual CO2 emissions reductions of up to 90,000 tons.

“Green hydrogen is a crucial lever in driving the energy transition. One of our strategic goals is to establish VERBUND as a key hydrogen player,” says Michael Strugl, CEO VERBUND. “As a partner to industry, we are implementing joint projects that contribute to the decarbonisation of industrial processes and the achievement of climate targets.”

“We are pleased to continue the successful co-operation with VERBUND in Linz in order to jointly develop solutions for the energy transition,” says Borealis CEO Thomas Gangl. “For Borealis, green hydrogen is an alternative to natural gas in ammonia production, and using it will lead to a reduction in CO2 emissions. This joint effort is another example of how we are re-inventing essentials for sustainable living.”

With its approval in mid-September of IPCEI projects, including the green hydrogen project between partners Borealis and VERBUND, the European Commission has now given the green light for an entire series of hydrogen projects in Europe.

By Mary Bailey

Source: chemengonline.com

comments closed

Related News

May 4, 2024

Heikki Malinen appointed as the President and CEO of Neste Corporation

Energy & Chemical Value Chain

Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.

May 4, 2024

Rossouw to step down as Sasol CFO in October

Energy & Chemical Value Chain

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.

May 4, 2024

Chemours CFO Jonathan Lock resigns following code of ethics violations

Energy & Chemical Value Chain

Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.

How can we help you?

We're easy to reach