Platts reports that Uniper wants to buy and trade hydrogen.
In other words, its primary target is not to invest and operate assets in the region, but mainly be an offtaker.
The company also said it would use its LNG shipping and storage network in Europe to support its hydrogen business.
It plans to ramp up its hydrogen production capacity in Germany from four megawatts to one gigawatt.
Axel Wietfeld, CEO of Uniper Hydrogen, told Platts that:
- H2 demand will double and even triple in the next 2 decades
- Consequently, the production will not be sufficient in Europe
- The continent will have to import 50 % of its hydrogen needs in the next few years
- The estimation for Germany is even higher with 75%
The goal is to provide engineering services and negotiate an exclusive offtake agreement for green ammonia from the facility.
Uniper’s European storage capacity amounts to 8 billion m3 and it can be used to store hydrogen.
By using its LNG network, the company expects to transport hydrogen assets to Europe.
It has exported 310 LNG cargoes so far this year from Europe with 75% of them sent to Asia.
Author: Sanja Pekic