Danish engineering group Topsoe plans to build Europe's largest plant for the production of electrolysers – machines that produce "green" hydrogen.
The cost of the project is estimated at $284 million, and the launch of the plant is scheduled for 2024, reports Reuters.
Topsoe CEO Roland Baan said the final investment plan was approved in August.
It is noted that in May the European Commission unveiled a plan to stop the use of Russian fossil fuels, in particular, set a goal to produce 10 million tons of hydrogen by 2030.
"To produce 10 million tons of hydrogen would require about 100 gigawatts (GW) of electrolysis capacity - a far cry from the 0.3 megawatts (MW) available today," Baan said.
According to him, the relevant EU target depends on the massive development of solar and wind energy, since about 200 GW of renewable energy sources are required to achieve it.
Germany, Belgium, the Netherlands and Denmark have pledged to build at least 150 GW of wind farms in the North Sea by 2050.
The Topsoe plant will initially have an annual capacity of 500 MW, which is expected to be expanded to 5 GW in the future.
The cost of the project is estimated at 2 billion Danish kroner ($284 million). The plant is scheduled to start operating in 2024.
Recall that by 2030 The Kingdom of Denmark intends to completely abandon the use of natural gas and quadruple the production of solar and wind energy.
