Hynamics UK and Hy24 Partner for Fawley Green Hydrogen Project in UK
Key Ideas
- Hynamics UK and Hy24 signed a memorandum of understanding to develop the Fawley Green Hydrogen Project in the UK, aiming to reduce carbon emissions by 100,000 metric tons annually.
- The project involves a 120-megawatt electrolyzer and is part of ExxonMobil's decarbonization strategy for their Fawley refining and petrochemical complex.
- The collaboration aligns with the UK government's clean energy development goals and is among the shortlisted projects for potential government funding under Hydrogen Allocation Round 2.
- Hy24 views the UK's policy landscape as favorable for decarbonization projects and sees the partnership with Hynamics UK as a significant opportunity to expand into the UK market.
Hynamics UK, a part of France's EDF Group, and Hy24 have teamed up to work on the Fawley Green Hydrogen Project in Hampshire, England. The project aims to aid in the decarbonization of ExxonMobil's Fawley refining and petrochemical complex by replacing heavy fuel oil and gray hydrogen with low-carbon hydrogen. This collaboration was solidified through a memorandum of understanding during the UK-France Summit.
The initiative involves the construction of a 120-megawatt electrolyzer, with the goal of slashing the Fawley complex's carbon dioxide emissions by 100,000 metric tons annually. The project, which has a budget of GBP 300 million, intends to supply green hydrogen to ExxonMobil's petrochemical complex as part of their larger decarbonization strategy.
The partnership between Hynamics UK and Hy24 extends beyond the Fawley Green Hydrogen Project, with plans for further cooperation aligned with the UK government's clean energy development ambitions. This collaboration also reflects the UK's commitment to advancing in the hydrogen value chain, as evidenced by the project's inclusion in the shortlist for potential government funding.
Hy24's perspective on the UK's policy environment is positive, highlighting the conducive conditions for decarbonization projects at a significant scale. The company sees the collaboration with Hynamics UK as a valuable opportunity to establish a presence in the UK market, leveraging the country's consistency and determination in promoting clean energy initiatives.
Topics
Green Hydrogen
Renewable Energy
Clean Energy
Decarbonization
Government Funding
Petrochemical Industry
UK-France Collaboration
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