Spanish Repsol will invest $2.96 billion in hydrogen projects

Madrid, October 14 - Neftegaz.RU. Repsol has unveiled its hydrogen strategy up to 2030, investments in the entire hydrogen value chain that will reach $2.96 billion.
The company plans to use different technologies to reach a capacity of 552 MW equivalent in 2025 and 1.9 GW in 2030.

Renewable hydrogen is one of Repsol’s strategic pillars to achieve zero net emissions by 2050.
The company will use different technologies to reach its renewable hydrogen production targets, incl. electrolysis, biogas production, and photoelectrocatalysis, a proprietary technology being developing with Enagas as partner.

Repsol has already announced that it will install electrolyzer plants at its industrial complexes.
On September 20, Repsol announced that it will install the 1^st electrolyzer at its Petronor refinery in Bilbao.
With a capacity of 2.5 MW, the plant will enter into operation in the 2^nd half of 2022.

The company's new Hydrogen Director, Tomás Malango said:

• Our ambition is to bring this technology to commercial scale before 2030, starting with the Puertollano demonstration plant that is scheduled for 2025
• If successful, this technology will give Spain a leading technological position in the new hydrogen value chain

Repsol has the objective of installing at least 12 hydrogen refueling stations by 2025.
According to Tomás Malango:

• The combination of advanced biofuels, synthetic fuels and renewable hydrogen is the most competitive technological option to overcome the challenges of decarbonization in sectors where electrification is currently not viable

In Bilbao, Repsol together with Saudi Aramco, will build one of the world's largest synthetic fuel plants, using renewable hydrogen and CO2 as the only raw materials.
The plant will be commissioned in 2024 with a starting capacity of more than 2,100 tons per year.

In Spain, the objectives outlined in the Hydrogen Roadmap, aim for 4 GW of installed capacity by 2030.
The Government will finance the development with €1.55 billion from the Next Generation funds through 2024.