Air Products and Mabanaft Plan to Build Large-Scale Green Energy Import Terminal in Hamburg
HATTINGEN, Germany and HAMBURG, Germany, Nov. 17, 2022 /PRNewswire/ -- Today, Air Products (NYSE:APD) and Mabanaft, through its subsidiary Oiltanking Deutschland, announced their intention to build Germany's first large-scale, green energy import terminal in the Port of Hamburg. This joint development agreement is an important step towards the development of a green ammonia import and distribution infrastructure in the Port of Hamburg. The project was announced at a ceremony in Hamburg, which was supported by German Federal Minister for Economic Affairs and Climate Action Robert Habeck and First Mayor of Hamburg Dr. Peter Tschentscher.
- This location offers strategic access to green ammonia from large-scale green hydrogen production facilities operated by Air Products and its partners around the world.
- The intention is to convert the ammonia to green hydrogen via Air Products' facilities in Hamburg, before distributing it to buyers locally and across northern Germany.
- This plan responds to the accelerating demand for clean energy to meet climate objectives and the need to diversify energy sources.
- Air Products and Mabanaft are committed to expediting the development of this planned, multi-million-euro, green import facility for Germany.