Steel producer Tata Steel, the divisional branch of AkzoNobel (Nouryon) and the Port of Amsterdam are planing to build the largest European hydrogen plant on the Tata site near IJmuiden.
After successful research the building of the factory intended for 15,000 tons of hydrogen per year could end in 2021.
The new factory will be operating on principle of electrolysis, where electricity and some compounds are converted into liquid hydrogen gas. This can be used with green fuels, in which only water vapor is released.
Tata Steel, now the largest single polluter in Europe after the RWE coal-fired power plant in Groningen, wants to use this hydrogen on its site for steel production, which should become more energy-efficient and cleaner. It now emits 6 megatons of CO2.
The company is proposing to emit 350,000 tons less CO2, converting the emissions of 40,000 households per year.
If the green light is given, the construction of the plant could be completed within three years.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.