The Financial Times reports that Spain’s Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen it plans to produce in Andalusia to northern Europe, citing the oil and gas group’s chief executive.
CEO Maarten Wetselaar says Cepsa, which is diversifying into green energy, plans to take advantage of relatively cheap solar energy in Andalusia to power hydrogen production.
Wetselaar says the company would start shipping the hydrogen from Algeciras port as early as 2027 to a hub in Rotterdam, without disclosing the cost of the project.