🚢 Exciting News from Madoqua: Pioneering a Green Corridor for Europe's Energy Transition! 🌍⚡
This Tuesday (05/11/2024) marked a transformative step as Madoqua, together with the Admnistração do Porto de Sines, Port of Rotterdam, and duisport - Duisburger Hafen AG, signed a Memorandum of Understanding to establish a "Green Corridor" connecting Portugal with the Netherlands and Germany. This strategic partnership, supported by the Portuguese government, will enable a renewable supply chain for green hydrogen derivatives, including ammonia (MadoquaPower2X) and methanol (MadoquaSynfuels), as well as liquid CO₂. Through MadoquaPower2X, Madoqua is set to construct one of Europe’s largest green hydrogen and ammonia projects in Sines, backed by a partnership with Copenhagen Infrastructure Partners and Power2X. 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. Powering the Madoqua Green Fuels Terminal will significantly strengthen Europe’s green fuel supply network.
💡 Key Highlights 💡
🌱 Green Fuel Exports: Moving hydrogen derivatives as well as CO2, this corridor will serve as a gateway from Southern Europe to the industrial heart of Northern Europe.
📍 Sines as a Green Energy Hub: Strategically located along key Atlantic shipping routes, the Madoqua terminal in Sines will anchor this initiative, powered by renewable sources to build a resilient, sustainable energy supply chain.
💸 Investment & Scale: With a dedicated €500M investment, this corridor will drive green hydrogen production and distribution across Europe, advancing the shared goal of a low-carbon future.
👀 Shared Vision for EU Decarbonization: This partnership aligns with the EU’s decarbonization goals, enabling cleaner energy systems, enhancing Europe’s energy security, and building industrial resilience. As Marloes Ras, CFA, Madoqua co-founder, highlighted, this initiative embodies a shared commitment to connect producer and consumer nations, advancing the green transition through collaborative action.
Selected as one of Europe’s core projects for CEF Energy funding by CINEA - European Climate, Infrastructure and Environment Executive Agency, the Madoqua Green Fuels Terminal in Sines will be integral to the infrastructure supporting the energy transition. This corridor represents not just an innovation in transport, but a foundational shift towards a sustainable, interconnected Europe.
Thank you to everyone on-boarding 🚢 with us on this journey toward a greener future! A special thanks to José Luis Azevedo Cacho, Manuel Gaeiras, Mona Neubaur, Miguel Pinto Luz, Margriet Leemhuis, Lars Steen Nielsen, Maj Tellefsen, and Nuno Mascarenhas for their presence and cooperation! 💪
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