VTTI Progresses to Next Phase for Project Amplifhy in Europe
Key Ideas
- VTTI advances to negotiation phase for Heads of Agreements for Project Amplifhy, supporting large scale hydrogen import in Europe.
- Development of ammonia import terminals and cracking facilities in Rotterdam and Antwerp to play a key role in decarbonising the European economy.
- Project Amplifhy recognized as a project of common interest by the European Commission, receiving around €20 million in co-funding.
- Tom Smeenk, EVP Growth at VTTI, highlights the importance of establishing leading ammonia storage and cracking facilities for hydrogen import to meet decarbonisation goals.
VTTI, a global leader in energy storage and infrastructure, has announced progress in the open season for Project Amplifhy. This project aims to support the large scale import of hydrogen to strengthen the EU's hydrogen supply chain. The negotiation of Heads of Agreements with interested parties signifies a crucial step forward in developing Europe's hydrogen infrastructure. VTTI plans to establish ammonia import terminals and cracking facilities in strategic locations like Rotterdam and Antwerp to enable the conversion of clean ammonia into hydrogen. This effort aligns with Europe's 2030 hydrogen and decarbonisation goals, driving the transition to a more sustainable energy system. Project Amplifhy has gained recognition as a project of common interest by the European Commission, receiving €20 million in co-funding to aid in the development of facilities in Rotterdam and Antwerp. The EVP Growth at VTTI emphasized the significance of this phase in achieving the project's mission and supporting Europe's energy transition.