2024-07-12 07:08:20
The government wants to help the industry switch to environmentally friendly hydrogen. Germany is now buying “green” ammonia and compensating for any losses that arise.
In order to produce more climate-friendly hydrogen, Germany will import more than 250,000 tons of “green” ammonia in the coming years. According to the Federal Ministry of Economics, a corresponding supply agreement for the years 2027 to 2033 has been concluded with the company Fertiglobe from the United Arab Emirates.
According to the agreement, Fertiglobe will use wind and solar energy to produce ammonia in Egypt, which will then be converted into green hydrogen in Germany – “green” because it is produced using renewable energy. The price for this will be just under 4.50 euros per kilo.
The agreement is the result of an initial call for tenders as part of the “H2Global” funding program, which aims to create a functioning international market for green hydrogen. To this end, green hydrogen products are purchased on the world market and sold to the highest bidder in Germany or the EU. Possible losses on resale are offset by state funding. A price of 4.40 euros per kilo is currently considered competitive.
The supply contract now agreed is an important step for the transformation of Germany as an industrial location, said Economics Minister Robert Habeck (Greens). “The availability of inexpensive green energy – now also in the form of hydrogen – will continue to be an important location factor for industry in the future.”