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Sojitz, Reganosa and Rubis Terminal sign a Memorandum of Understanding (“MOU”) for the Development of a Green Hydrogen Supply Chain connecting Galicia and North-West Europe

10/3/2022

Japanese Industrial conglomerate Sojitz Corporation (“Sojitz”), European bulk liquid storage company, Rubis Terminal Infra SAS (“Rubis Terminal”), and Spanish infrastructure investment company, Reganosa Asset Investments (“Reganosa”) have signed a Memorandum Of Understanding (“MOU”) to conduct a joint feasibility study for the development of a green hydrogen supply chain in Europe.

Reganosa is developing the H2Pole project, first-ever regional hydrogen-project labelled as “Strategic Industrial Project”, will consist in a green-hydrogen production facility located in the Galicia, Northwest of Spain. Its initial phase operational in 2025, will target regional customers.

In a second stage, the H2Pole Project is looking forward to expanding its production to export green hydrogen or green hydrogen-carriers produced in Galicia to Northwest Europe (e.g. Amsterdam-Rotterdam-Antwerp, “ARA”) where import demand is expected to surge in the coming years to reach 2050 net zero targets.

Spain has a high potential for solar and wind power electricity generation. Proof of this is that renewables represented last year 30% of the country’s energy mix. Galicia is therefore anticipated to be an ideal green-hydrogen production center and is also strategically located to supply green-hydrogen to Northwest Europe.

The companies, with their respective business expertise and industry networks, will jointly collaborate to conduct feasibility studies in view of developing a green-hydrogen supply chain solution connecting Galicia with North-West Europe. With this Second Phase of the Project, Sojitz, Reganosa and Rubis Terminal will contribute positively to the decarbonization of the energy system.