BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have signed a memorandum of understanding to study the feasibility of a 250-megawatt water electrolysis facility to produce up to 45,000 tons of green hydrogen yearly using renewable energy. potentially resulting in a reduction of 350,000 tons of CO2 emissions per year based on current circumstances. The partners intend to take a final investment decision on the project in 2022. Tasks are divided as follows:
1. Nouryon to build and operate the facility based on its leadership position in sustainable electrochemistry.
2. The Port of Rotterdam to facilitate local infrastructure and investigate options for further development of a green hydrogen hub in the area.
