Brief: McPhy Selected To Equip 100 MW Electrolysis Platform In Portugal

Mcphy Energy SA

21/12/2021 17:35

Dec 21 (Reuters) - Mcphy Energy SA  MCPHY.PA :
    * MCPHY SELECTED TO EQUIP A 100 MW ELECTROLYSIS PLATFORM IN
PORTUGAL
    * GREENH2ATLANTIC PROJECT CONSISTS IN A 100 MW FLEXIBLE
GREEN
HYDROGEN PRODUCTION TO BE INSTALLED IN SINES, PORTUGAL, TO
SUPPLY MULTIPLE END-USES
    * DEMONSTRATOR WILL REDUCE GREENHOUSE GAS EMISSIONS BY UP TO
80 KT
CO2 EQUIVALENT PER YEAR
    * CONSORTIUM IS COMPOSED OF 13 EUROPEAN COMPANIES FROM THE
FULL
VALUE CHAIN AND OF RESEARCH PARTNERS, TO WHICH MCPHY WILL BRING
THE ELECTROLYSIS TECHNOLOGICAL BRICK
    * HEADS OF TERMS HAVE BEEN NEGOTIATED AND SUPPLY AGREEMENT
EXPECTED TO BE FINALIZED DURING THE FIRST SEMESTER 2022
    * 30 MILLION EUROS GRANT WILL HELP TO FINANCE THE
CONSTRUCTION OF
THE HYDROGEN PLANT, LOCATED IN THE COAL-FIRED POWER PLANT AREA
IN SINES
    * SINES: CONSTRUCTION SHOULD START IN 2023 AND OPERATION IS
EXPECTED TO BEGIN IN 2025, SUBJECT TO SECURING THE NECESSARY
AUTHORIZATIONS BY THE AUTHORITIES.

 
Further company coverage:  MCPHY.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))