Greek companies plan EUR 8bn green hydrogen project
Date: May 17th 2021
Author: Tanja Srnovršnik
A group of Greek energy companies is aiming to develop EUR 8bn integrated green hydrogen project in the Western Macedonia region to help it transition away from coal, said Greek gas supplier Depa Commercial.The project proposal called White Dragon foresees that Greece will produce 250,000 tonnes of green hydrogen per year.
Depa Commercial, which coordinated the project, in collaboration with Advent Technologies, Damco Energy, PPC, Desfa, Hellenic Petroleum, Motor Oil, Corinth Pipeworks, TAP and Terna Energy submitted the project plans to the Greek government on 5 May as part of the Greek call for expressions of interest for Hydrogen Important Projects of Common European Interest (IPCEI).
The investment proposal will result in the development of an innovative integrated green hydrogen project in Greece, which covers the entire hydrogen value chain.
The White Dragon project will be based on the gradual replacement of the lignite power plants in Western Macedonia and its transition to clean energy through the utilisation of large-scale renewable electricity (GW scale) to produce hydrogen by electrolysis.
Hydrogen produced there will be stored for later repurposing and implementation into fuel cells that will provide the country’s power grid with electricity as a fixed baseload co-generation unit of green energy and heat, said Depa Commercial.
Existing natural gas pipelines will be retrofitted for the transportation of green hydrogen and indirect storage, it added.
Construction of an exclusive hydrogen backbone pipeline in Greece is also planned as part of the project. This will enable the interconnection between remote green hydrogen production units with large end consumers, such as refineries and industrial units, to help them “green” their production processes.
It will will also support interconnection with the respective systems of neighbouring countries, said Depa Commercial.
The European Commission has set a target to produce 1m tonnes of green hydrogen from renewable electricity by 2024 and 10m tonnes by 2030.