Thursday, February 2

Repsol leads the largest green hydrogen consortium in Spain

  • Shyne, as the initiative is called, has among its promoting partners Alsa, Bosch, Celsa, Enagás, Scania and Talgo

  • The alliance has 3,200 million euros of investment and will deploy projects in 10 communities

Holding on to the advantage that years of working with him and having accumulated several alliances around him have given her, Repsol has decided to put on the suit of master of ceremonies to coordinate the journey towards the adoption of green hydrogen. The oil company made public only three months ago that its strategy around this fuel was to invest 2,500 million euros and to create “large regional poles” around it. Now the firm takes this objective a little further and launches, it says, the largest consortium in Spain to promote renewable hydrogen.

Shyne (Spanish Hydrogen Network), as they have called this initiative, also has six large promoter companies behind it (Alsa, Bosch, Celsa Group, Enagas, Scania Y Talgo), brings together another fifteen companies (Baleària, Iberia, Navanty, Tubacex The Punishment among others) and has eleven entities between associations, technology centers and universities. Among them, the Spanish Hydrogen Association (AEH2), the Higher Center for Scientific Research (CSIC) and the Catalan Energy Research Institute Foundation (IREC).

“The objective is to promote renewable hydrogen projects in all areas of the Spanish economy and promote rapid and effective decarbonization through this energy vector, which is postulated as one of the keys to the energy transition,” Repsol reasons in a statement. .

The company has specified that it expects that 3,230 million euros will be invested through Shyne in launching initiatives for the production, distribution and use of renewable hydrogen in the industrial sector and in transport, as well as developing technologies that exploit it or accelerate the deployment plans for this fuel. As a whole, projects are anticipated in ten autonomous communities and generate, with them, more than 13,000 jobs.

Specifically, some of the objectives are to connect existing initiatives such as the Basque Hydrogen Corridor (BH2C), the Hydrogen Valley of Catalonia and the Hydrogen Valley of the Region of Murcia; promote the creation of two innovation centers in Castilla-La Mancha and Madrid; or open a knowledge management center also in the state capital to coordinate this type of activity.

“Shyne will allow us to unite our capacities and drive those that we need from small and medium-sized companies to jointly accelerate the decarbonization of the Spanish economy”, summarized Repsol’s CEO, Joshua Jon Imaz.

renewable hydrogen

Hydrogen is a gas commonly extolled (provided it is combined with other renewable energies) as an almost ideal clean fuel for industry. Easy to store and distribute and perfectly capable of substituting natural gas, eliminating on top of the equation the greenhouse gases, its main drawback is that today a lot of electrical and economic deployment is needed to produce it.

In fact, one of the main objectives of Repsol’s investments, the largest producer in the market, is the technologies and processes to transform its gray hydrogen (which is combined with fossil fuels) into green.

In this sense, even the Government of Spain has announced that one of the Strategic Projects for Economic Recovery and Transformation (PERTE) after the pandemic will be largely focused on renewable hydrogen. This package, which also includes renewable energies in general, contemplates mobilizing around 16,300 million euros, of which almost 7,000 will be public.

European career

Related news

It’s no wonder, then, that the Executive attended Shyne’s presentation and celebrated his existence. “It is the piece of the puzzle that we were missing to move towards the decarbonisation of the economy and achieve climate neutrality in 2050”, has valued the Secretary of State for Energy, Sara Aagesen, which has also pointed out that it is a key proposal to “advance the development of knowledge, ‘made in Spain’ technology and the consolidation of the business fabric and industrial value chains”.

“Spain has a unique opportunity and all the capacity to lead the hydrogen industrial value chain in Europe”, assured the Secretary General of Industry and SMEs, Raul White.