EMEA News
EU Hydrogen Funding Round Includes Maritime Projects
The European Commission has selected two Norway-based hydrogen projects linked to the maritime sector under the third auction of the European Hydrogen Bank.
The projects, Gen2-LH2 and RogalandH2, were chosen under a dedicated maritime and aviation category for hydrogen producers supplying those sectors, the EC said in an announcement on Friday.
Gen2-LH2, developed by Norway’s Gen2 Energy AS, is expected to produce 17,886 mt of hydrogen over 10 years, while RogalandH2, coordinated by Norwegian hydrogen company GREEN H AS, is expected to produce 17,700 mt.
The projects will receive production-based subsidies of €3.48/kg and €3.49/kg, respectively.
Overall, the Commission selected nine hydrogen projects across seven European countries, allocating around €1.09 billion from the EU Innovation Fund.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
Popular Now More
-
Oct 23Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels. -
Oct 23The acquisition includes eight bunkering vessels and a long-term lease for 28,000 m3 of tank capacity in Turkey.