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Ukrainian Naftogaz and German RWE signed a MoU for producing green hydrogen

The signing of the memorandum is the 1st important step towards working with German partners to develop the hydrogen business and new green areas of activity for Naftogaz

Ukrainian Naftogaz and German RWE  signed a MoU for producing green hydrogen

Kiev, August 23 - Neftegaz.RU. Naftogaz and RWE Supply & Trading agreed to explore opportunities along the full value chain of green hydrogen and its derivatives like ammonia produced in Ukraine.
This includes the development of green hydrogen and ammonia production and storage in Ukraine and its import to Germany.

This focus is particularly relevant in the context of the H2Global initiative launched by the German government for green hydrogen imports produced outside the EU.
Furthermore, Naftogaz and RWE intend to jointly explore commercial opportunities for the sale of Ukrainian green hydrogen in European markets, with a focus on RWE’s core markets.

Naftogaz CEO Yuriy Vitrenko said:
  • Ukraine has great potential for the development of the hydrogen economy in cooperation with Germany
  • As a national company, Naftogaz is ready to be a pillar of this development
  • We consider green hydrogen as our strategic priority and we are happy to work on it with RWE, our reliable partner in trade and gas supplies
The partners also intend to jointly consider the possibility to share knowledge of technical aspects along the value chain for green hydrogen.

Ulf Kerstin, Member of the Board RWE Supply & Trading, said:
  • Hydrogen will be key to the decarbonisation of the industry, as certain parts cannot be electrified with renewable energy
  • We are very pleased to jointly explore with Naftogaz opportunities for supply of green hydrogen from the Ukraine in future
Working groups representing the 2 companies will start working together within the next month.
According to Oleksiy Ryabchyn, advisor to the Naftogaz CEO responsible for developing low-carbon businesses, Naftogaz is ready to be a driver for the implementation of hydrogen projects in Ukraine.

To read the news in Russian

Author: Anna Ignatjeva

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