A consortium developing the project will receive a EUR11 million (US$12 million) European grant towards their proposed green hydrogen project in Delfzijl, the Netherlands.
The project is also supported by an additional EUR5 million (US$5.5 million) in subsidies from Waddenfonds, a fund that invests in projects in the northern Netherlands.
The funding is granted by the Fuel Cells and Hydrogen Joint Undertaking (FCH-JU), a partnership of the European Commission and industry that supports the development of innovative hydrogen technologies. The 20 megawatt (MW) electrolyzer, to be owned and operated by Nouryon and Gasunie, would be the first of its kind to be implemented in Europe on this scale.
McPhy will provide its innovative alkaline electrolysis technology to convert renewable electricity into 3,000 tons of green hydrogen per year. BioMCN will combine the hydrogen with CO2 from other processes to produce renewable methanol, reducing CO2 emissions by up to 27,000 tons per year. DeNora will produce electrodes, a key component of the electrolysis technology.