MOSCOW (MRC) -- Repsol and Navantia Seanergies, Navantia's green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable hydrogen production in Spain, said the company.
Tomas Malango, Hydrogen Director of Repsol and Javier Herrador, Director of Navantia Seaenergies, signed the agreement in the presence of Francisco Conde, Vice President of the Xunta de Galicia and Regional Minister of Economy and Industry, Raul Blanco, General Secretary for Industry and SMEs, Juan Abascal, Executive Director of Industrial Transformation and Circular Economy of Repsol and Ricardo Dominguez, President of Navantia.
The event was also attended by Jose Minones, the Government delegate in Galicia, Angel Mato, mayor of Ferrol, Valentin Gonzalez Formoso, president of the Provincial Council of A Coruna and Maria Rivas, subdelegate of the Government in A Coruna, among other authorities and representatives of business and social entities.
The signing took place at Navantia's Turbine Factory in Ferrol, a center that will play a key role in this agreement. The two companies have agreed to combine knowledge and efforts for the industrial development of renewable hydrogen. On the one hand, Navantia Seaenergies has announced the start-up of an electrolyzer production line at its Turbine Factory in Ferrol. On the other hand, Repsol will promote the installation of this equipment for the production of renewable hydrogen in its ambition to lead the market in the Iberian Peninsula and thus reach its capacity targets, set at 1.9 GW in 2030.
In this way, both entities seek to position Spain as an international leader in the production of renewable hydrogen, while also contributing to reindustrialization, quality employment and economic development in the country. Juan Abascal, executive director of Industrial Transformation and Circular Economy, stated that "at Repsol we are convinced that initiatives like this are essential to accelerate the deployment of the hydrogen economy in Spain and Europe from a leadership position. This reinforces our commitment to the transformation of the industry through the development of capabilities associated with key technologies to achieve climate neutrality."
"Navantia Seanergies is committed to a model of collaboration and partnership with leading companies in both offshore wind and hydrogen, an energy vector that offers enormous possibilities for decarbonizing the economy and committing to sustainable growth. The manufacture of electrolyzers to produce hydrogen is a new business opportunity with great potential for our Turbine Factory”, said Javier Herrador, director of Navantia Seanergies.
As per MRC, Repsol will build a new plant in Tarragona, with an investment of over EUR35 M for the manufacture of Cross-linkable Polyethylene (XLPE), a polymer used in cable insulation, located between the conductor and the outer protective layers. The plant will have an annual capacity of 27 kt and is scheduled to start in mid-2024. The LSHC (Linear Short Hyperclean) new technology selected for the plant, from Buss AG, will provide a product with very competitive properties, enabling Repsol to complete its product range for cables by incorporating materials for HV (high voltage) and EHV (extra-high voltage) cables.
Repsol is currently the leading producer and consumer of hydrogen on the Iberian Peninsula, and has renewable hydrogen as one of its key transformation pillarsfor achieving its goal of being a company with zero net emissions by 2050. The multi-energy company has its own renewable hydrogen strategy to deploy projects throughout the value chain, with a planned investment of 2,549 million euros by 2030.