Danish GreenGo eyes giant green H2 plant in Mauritania
Danish renewables firm GreenGo plans to develop a giant renewable hydrogen project in Mauritania that could be one of the largest in the world when it reaches full capacity in the 2030s.
GreenGo's plans for the Megaton Moon project are extremely ambitious, aiming to produce 4mn t/yr of renewable hydrogen using 35GW electrolyser capacity and 60GW of wind- and solar-power generation. This would be roughly 16-18 times the size of Saudi Arabia's Neom project, the largest renewable hydrogen project to reach financial close. The 4mn t/yr of hydrogen could be turned into 18mn t/yr of ammonia, based on the plans.
The venture will be delivered in phases. Production of hydrogen and ammonia could start by 2028 "provided that the project is approved in due time", with full capacity to be reached by 2033, according to head of global Megaton development Anders Heine Jensen. An application for the project has been filed with Mauritania's energy ministry, GreenGo said.
The timeline also appears ambitious, given the plant's scale. Projects of smaller size are targeting full capacity around the same time, including the Hyrasia One venture in Kazakhstan that is envisaged to have 20GW electrolyser capacity on line by 2032.
GreenGo expects the entire Megaton complex to require more than 170,000 hectares of land (1,700km²) — an area larger than London.
Given Mauritania's location, GreenGo is probably eyeing exports to Europe, capitalising on ample solar- and wind-power generation in the country. The cost of producing renewable hydrogen in Mauritania is "half of Northern Europe, potentially lower," GreenGo chief executive Karsten Nielsen said. "The region has some of the most operator-friendly fiscal policies on the continent, as documented by a history of significant oil and gas investments by world energy majors."
The Paris-based IEA recently estimated that renewable hydrogen in Mauritania could be produced for around $2.20/kg by 2030.
Several other large renewable hydrogen projects are planned in the country, albeit none at quite the same scale as GreenGo. Multiple projects being developed in the country could help with establishing joint infrastructure such as for domestic transport and exports.
GreenGo was established in 2011 and has 75GW of renewables, battery energy storage and hydrogen projects in different stages of development, in the US, Europe, Africa and the Middle East. The Mauritanian venture will be financed "through GreenGo Energy's entrenched partnership approach with Tier 1 investors in the green energy space," the company said without revealing investment estimates.
Related news posts
BayWa suspends 2024 profit forecast over restructuring
BayWa suspends 2024 profit forecast over restructuring
London, 25 July (Argus) — German agricultural group BayWa on Wednesday suspended its full-year profit forecast due on 8 August, citing ongoing restructuring. It posted a preliminary revenue of €10.7bn ($11.6bn) for the first half of the year, down by 15pc from €12.6bn a year ago. BayWa's first-half 2024 preliminary earnings before interest, tax, depreciation and amortisation stood at €149.5mn, less than half of the €322.1mn earned in the same period last year. BayWa said it continues to be in constructive talks with its financing partners, adding that it also has postponed publication of the final half-yearly results to 27 September, citing impairment reviews. The company commissioned a restructuring report on 12 July in response to a "strained financing situation". The Munich-headquartered BayWa Group operates in the fields of energy, agriculture — including fertilizers — and building materials. By Suzie Skipper Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Singapore shortlists consortia for NH3 power, bunkering
Singapore shortlists consortia for NH3 power, bunkering
Singapore, 25 July (Argus) — The Maritime and Port Authority of Singapore (MPA) and the Energy Market Authority (EMA) selected two consortia, with one of them likely to lead the project to develop ammonia as a low or zero-carbon solution for power generation and bunkering in the island nation. MPA and EMA selected the two consortia from a total of [six firms that were shortlisted in 2023]https://direct.argusmedia.com/newsandanalysis/article/2501511), after a request for proposal (RFP) was launched. The final selection from the chosen two will be made in the first quarter of 2025. This project, which is part of Singapore's national hydrogen strategy , is looking at developing end-to-end ammonia solution that can generate 55-65MW of electricity via direct combustion in combined cycle gas turbines. Low- to zero-carbon ammonia would be imported and used for this purpose. The project is aiming for 100,000 t/yr of ammonia bunkering, starting with shore-to-ship bunkering followed by ship-to-ship bunkering. The two consortium leads are Singaporean conglomerate Keppel's arm Keppel Infrastructure, as well as Singaporean-based Sembcorp-SLNG. The consortia also include the following bunkering participants - Japan's shipping firm NYK Line, as well as Japanese trading firms Sumitomo and Itochu. By Mahua Chakravarty Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Australia's S04 makes first batch of SOP at Lake Way
Australia's S04 makes first batch of SOP at Lake Way
London, 24 July (Argus) — Australia's S04 — a subsidiary of Sev.en Global Investments, an energy investment firm based in the Czech Republic — has produced its first SOP product at its Lake Way project near Wiluna in Western Australia. The 200,000 t/yr SOP project remains in the commissioning phase, and there is no date yet for full commercial operations. But Sev.en said the project is "tracking well" towards full operations. Commissioning work included the installation of a new floatation unit in the process plant. The project will use solar evaporation ponds to extract potassium-rich salts from the lake mines. The Lake Way SOP project has been in development for over seven years. It was originally commissioned in April 2021 and began commercial production in June that year under its previous owners Australia-based Salt Lake Potash. Sev.en acquired the project when it bought out Salt Lake Potash in 2022 and then made significant investments in all aspects of the production process. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
US House passes waterways bill
US House passes waterways bill
Houston, 23 July (Argus) — The US House of Representatives overwhelmingly approved a bill on Monday authorizing the US Army Corps of Engineers (Corps) to tackle a dozen port, inland waterway and other water infrastructure projects. The Republican-led House voted 359-13 to pass the Waterways Resources Development Act (WRDA), which authorizes the Corps to proceed with plans to upgrade the Seagirt Loop Channel near Baltimore Harbor in Maryland. The bill also will enable the Corps to move forward with 160 feasibility studies, including a $314mn resiliency study of the Gulf Intracoastal Waterway, which connects ports along the Gulf of Mexico from St Marks, Florida, to Brownsville, Texas. Water project authorization bills typically are passed every two years and generally garner strong bipartisan support because they affect numerous congressional districts. The Senate Environment and Public Works Committee unanimously passed its own version of the bill on 22 May. That bill does not include an adjustment to the cost-sharing structure for lock and dam construction and other rehabilitation projects. The Senate's version is expected to reach the floor before 2 August, before lawmakers break for their August recess. The Senate is not scheduled to reconvene until 9 September. If the Senate does not pass an identical version of the bill, lawmakers will have to meet in a conference committee to work out the differences. WRDA is "our legislative commitment to investing in and protecting our communities from flooding and droughts, restoring our environment and ecosystems and keeping our nation's competitiveness by supporting out ports and harbors", representative Grace Napolitano (D-California) said. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more