Iberdrola to build green hydrogen plant in Spain, finds off-taker

27/07/2020 09:43 Renewable


Iberdrola SA has announced it will build a solar-plus-storage system and a 20-MW electrolyser for the production of green hydrogen in the industrial city of Puertollano, Spain.

The Spanish utility group said it has signed an agreement with fertilizer producer Fertiberia, which will use the hydrogen at its ammonia plant in Puertollano.


Set to move an investment of EUR 150 million (USD 174.2m), the project will involve the construction of a 100-MW solar photovoltaic (PV) park, a lithium-ion battery system with storage capacity of 20 MWh and the electrolyser.


The off-taker will upgrade the fertilizer plant to be able to use the hydrogen. Oxygen, as a byproduct of electrolysis, will be used entirely in Fertiberia’s nitric acid unit.


The whole set-up will help Fertiberia reduce its natural gas needs at the plant by over 10% and avoid some 39,000 tonnes of CO2 emissions per year once the system is in operation, Iberdrola said.


The hydrogen plant will be operational in 2021.
Source: renewablesnow.com

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Daily (05.08.2020): Brent crude hit its highest settlement since early March on Tuesday, driven by the anticipation of a drop in U.S. stocks

05/08/2020 09:17:00

Crude oil futures rose for a third straight session on Tuesday, driven by tumbling dollar, hopes of a new economic stimulus package in the U.S. and expectations that U.S. stockpiles drop again. Hence, Brent crude added 28 cents, or 0.6%, to settle at $44.43 a barrel, its highest close since March 6 At the same time, U.S. WTI crude rose by 69 cents, or 1.7%, to end at $41.70, its highest settlement since July 21.


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Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.