Spanish power company Iberdrola is expanding its bet on green hydrogen with a plan to build a 750 million euro ($808.05 million) plant to produce green ammonia that would be purchased and exported by ammonia trader and shipper Trammo.
The construction of the development will generate up to 3.500 jobs, mostly filled by local workers, Iberdrola said.
This project aims to kickstart the European green hydrogen corridor.
Southern Europe has a large renewable potential that allows it to supply competitive green energy to decarbonise the various energy-intensive heavy industry all across the continent such as the Netherlands, Germany or France, Iberdrola said.Â
Iberdrola's global head of green hydrogen Millán GarcÃa-Tola said: "When you bring together one of the world's largest renewable energy developers and the world's largest seaborne trader of anhydrous ammonia, innovative projects like this can quickly become viable. Join the expert community:Â
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