The Netherlands and Germany are working together on future green hydrogen imports. The Ministry of Economic Affairs and Climate announced this today as part of King Willem-Alexander’s working visit to the state of North Rhine-Westphalia.
Both countries are providing 300 million euros for renewable hydrogen imports. This is hydrogen produced, for example, using wind or solar energy. Hydrogen has an important role in making the industrial and transportation sector more sustainable.
Joint imports will start in 2027. Thus, the Netherlands will participate in the German financing project H2Global. Since last year, the federal government, along with many major energy companies in the global market, has been purchasing ten-year supply contracts for green hydrogen.
This way partners try to pay the lowest price possible. The hydrogen is then sold to companies that need hydrogen for their production. Therefore, you should take advantage of cheap shopping.
Netherlands will participate
The Dutch government believes that the H2Global project is a good addition to the current import policy. This also coincides with the intention to work more closely with Germany in the field of hydrogen. The two countries are the countries that need the most hydrogen in Europe.
In some cases, neighboring countries will produce hydrogen themselves. But imports are also necessary. Due to the Netherlands’ important ports, imports, including Germany, are largely carried out through the Netherlands. “This will ultimately create a northwestern European hydrogen market in which the Netherlands could become one of the most important hydrogen hubs in the region,” the Dutch ministry writes.
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The fact that the Netherlands is seeking green hydrogen has been clearly visible in the king’s itinerary in recent months. A month ago, he flew to South Africa with outgoing climate minister Jetten to discuss, among other things, the supply of green hydrogen to the Netherlands. This was also on the agenda of the visit to Spain in June.
The same month, outgoing Prime Minister Rutte also committed to hydrogen diplomacy. He later visited Morocco, Namibia and South Africa; Green hydrogen exports were also an important part of discussions between heads of government.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
