Agreement made to explore possibilities of green hydrogen export from Iceland to RotterdamChristian Fernsby ▼ | October 23, 2020
Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam.
The Port of Rotterdam is Europe's largest port and energy hub and has developed an ambitious hydrogen masterplan, with which it aims to become the major import hub for hydrogen to supply to Europe's changing energy consumers. The Port of Rotterdam has been invited by the Dutch government to identify future sources of green hydrogen for Europe.
Recently, Landsvirkjun announced the feasibility-study of developing a hydrogen production facility at the Ljósifoss Hydropower Station, about 70 km outside of Reykjavík. The production will be carbon-free, through the electrolysis of water with renewable power.
This carbon-free method of producing hydrogen is still too uncommon, with most of the world’s hydrogen supply currently produced from natural gas with its respective carbon footprint.
Allard Castelein, CEO Port of Rotterdam Authority: “Northwest Europe will need to import large volumes of green hydrogen to become CO2-neutral. Rotterdam is currently Europe’s main energy hub. We expect hydrogen to take on the position oil has today, as an energy carrier as well as feedstock for the industry. We are therefore exploring the possibilities to import hydrogen from countries that have the potential to produce large volumes of hydrogen at a competitive price, like Iceland.” ■