Air Products (AP) and Gunvor Petroleum Rotterdam (GPR), a subsidiary of Gunvor Group, recently have signed a joint development agreement for an import terminal in Rotterdam. The agreement responds to the accelerating demand for green energy sources to meet climate objectives and the need to diversify energy sources. The terminal is expected to provide green hydrogen to the Netherlands in 2026.
Green hydrogen is key to the energy transition. It is unlikely that Europe will be able to produce these amounts locally, making large-scale, green hydrogen imports essential for reaching carbon neutral target.
Independent analysis from CE Delft has shown the project will ultimately deliver EUR 260-425 million of indirect economic benefits. The savings in CO₂emissions to the transport sector, combined with the benefit of reduction in other harmful emissions, would create an overall environmental benefit valued at over EUR 100 million by 2030.