MOSCOW (MRC) -- Repsol will install the first electrolyzer in the Basque Country-region to produce renewable hydrogen at its Petronor refinery, said the company.
The electrolyzer will involve an investment of EUR8.9 million and will come into operation in the second half of 2022.
This project is part of the Basque Hydrogen Corridor, an initiative promoted by Petronor and Repsol that has already been joined by 80 entities and brings together a total investment of EUR1.431 bn. It will have a capacity of 2.5 MW.
Repsol is transforming all its industrial complexes to decarbonize their processes. Renewable hydrogen is one of the strategic pillars of the company, enabling it to manufacture products with low, zero, or even a negative carbon footprint and become a net zero emissions company by 2050.
The multi-energy company is currently the leading producer and consumer of hydrogen in Spain. It has the ambition to lead the renewable hydrogen market, aiming to install a total capacity of 557 MW equivalent in 2025 and reaching 1.9 GW in 2030.
As per MRC, Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has been awarded a contract by Repsol for the realization of a polypropylene (PP) Unit and a linear low density polyethylene (LLDPE) unit on an EPC (Engineering Procurement and Construction) Lump Sum Turn-Key basis, as part of Repsol’s expansion of Sines Industrial Complex in Portugal.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
Repsol is a global multi-energy company established in Spain and listed on the Spanish Stock Exchange for 25 years. Its products are distributed in nearly 100 countries to around 24 million customers. Repsol Industrial Complex in Sines is the largest chemical site in Portugal.