ProEuropean Trading GmbH, one of the leading companies in the field of energy and energy products in Europe, with offices in Munich, Germany, and Kifisia, Athens, supported by a team of distinguished scientific collaborators, announces its participation in the 88th Thessaloniki International Fair (TIF), which will take place from September 7th to 15th, 2024. This year, Germany is the honored country of the event, further emphasizing the significance of ProEuropean’s presence at the fair.
ProEuropean’s participation in TIF marks an important milestone in strengthening its international presence in the European and global energy markets. With strong ties to the energy industry, the company aims to showcase its innovative solutions in the fields of energy, energy products, and technologies that contribute to sustainable development.
At the fair, ProEuropean Trading GmbH, a member of Hydrogen Europe, the European Clean Hydrogen Alliance, and the Clean Hydrogen Partnership, will provide visitors with opportunities to explore potential collaborations at a local level and to stay informed about the latest developments in the energy market. A particular focus will be on promoting investments in the hydrogen sector in Greece, with the centerpiece being its impressive H2 Crete Valley project, as the country serves as a crucial hub for the development and dissemination of green technologies in Europe.
The company is also focused on strengthening its partnerships with Greek businesses and organizations, promoting joint projects aimed at upgrading the country’s energy infrastructure and transitioning to greener forms of energy.
The CEO of ProEuropean Trading GmbH, Ms. Elena Margariti, stated: “It is an honor for us to participate in the 88th TIF, especially with Germany as the honored country. Greece is a strategically important market for us, and we are particularly excited about the growth opportunities in the energy sector that it offers. Our participation in this fair allows us to strengthen our partnerships and actively contribute to the region’s energy transformation.”
The company’s CFO, Ms. Aikaterini Lianoudaki, emphasized: “During the exhibition, we will participate in a series of special events and discussions focusing on the challenges and opportunities of the energy sector in Europe. Additionally, we will explore the potential for developing green infrastructure in Greece, aiming to promote energy sources and reduce CO2 emissions.”
Representatives of ProEuropean Trading GmbH will be available throughout the exhibition to discuss collaboration opportunities with visitors and partners, as well as the investment prospects the company offers in the energy sector. They will be located at the booth of the honored country, Germany, Pavilion 13, Stand C13, every day from 4 p.m. to 10 p.m.
Η ProEuropean Trading GmbH, μία από τις κορυφαίες εταιρείες στον τομέα της ενέργειας και ενεργειακών προϊόντων στην Ευρώπη, με γραφεία στο Μόναχο της Γερμανίας και στην Κηφισιά στην Αθήνα, πλαισιωμένη από μία ομάδα εξαίρετων συνεργατών επιστημόνων της, ανακοινώνει τη συμμετοχή της στην 88η Διεθνή Έκθεση Θεσσαλονίκης (ΔΕΘ), η οποία θα πραγματοποιηθεί από τις 7 έως τις 15 Σεπτεμβρίου 2024. Η Γερμανία είναι η τιμώμενη χώρα της φετινής διοργάνωσης, γεγονός που ενισχύει τη σημασία της παρουσίας της ProEuropean στην έκθεση.
Η συμμετοχή της ProEuropean στη ΔΕΘ αποτελεί σημαντικό σταθμό για την ενίσχυση της διεθνούς παρουσίας της εταιρείας στην ευρωπαϊκή και παγκόσμια αγορά ενέργειας. Με ισχυρές σχέσεις στην ενεργειακή βιομηχανία, η εταιρεία επιδιώκει να παρουσιάσει τις καινοτόμες λύσεις της στον τομέα της ενέργειας, των ενεργειακών προϊόντων και των τεχνολογιών που συμβάλλουν στη βιώσιμη ανάπτυξη.
Στην έκθεση, η ProEuropean Trading GmbH μέλος των Hydrogen Europe, European Clean Hydrogen Alliance και Clean Hydrogen Partnership θα παρέχει την ευκαιρία στους επισκέπτες να γνωρίσουν τις δυνατότητες συνεργασίας σε τοπικό επίπεδο, καθώς και να ενημερωθούν για τις τελευταίες εξελίξεις στην αγορά ενέργειας. Ιδιαίτερο ενδιαφέρον δίνεται στην προώθηση επενδύσεων στον τομέα του υδρογόνου στην Ελλάδα, με κορωνίδα το επιβλητικό της έργο H2 Crete Valley καθώς η χώρα αποτελεί ένα κομβικό σημείο για την ανάπτυξη και τη διάδοση των πράσινων τεχνολογιών στην Ευρώπη.
Η εταιρεία επικεντρώνεται επίσης στην ενίσχυση των συνεργασιών της με ελληνικές επιχειρήσεις και φορείς, προωθώντας κοινά έργα για την αναβάθμιση των ενεργειακών υποδομών της χώρας και τη μετάβαση σε πιο πράσινες μορφές ενέργειας.
Η Διευθύνουσα Σύμβουλος της ProEuropean Trading GmbH, κ. Έλενα Μαργαρίτη, δήλωσε: «Είναι τιμή μας να συμμετέχουμε στην 88η ΔΕΘ, ειδικά με τη Γερμανία ως τιμώμενη χώρα. Η Ελλάδα είναι μια στρατηγικής σημασίας αγορά για εμάς και είμαστε ιδιαίτερα ενθουσιασμένοι για τις προοπτικές ανάπτυξης στον τομέα της ενέργειας που προσφέρει. Η συμμετοχή μας στην έκθεση αυτή μας δίνει τη δυνατότητα να ενισχύσουμε τις συνεργασίες μας και να συμβάλουμε ενεργά στον ενεργειακό μετασχηματισμό της περιοχής.»
H CFO της εταιρείας κ. Αικατερίνη Λιανουδάκη τόνισε: «Κατά τη διάρκεια της έκθεσης, θα συμμετάσχουμε σε σειρά ειδικών εκδηλώσεων και συζητήσεων που θα εστιάσουν στις προκλήσεις και τις ευκαιρίες του ενεργειακού τομέα στην Ευρώπη και παράλληλα, θα συζητηθούν οι δυνατότητες ανάπτυξης πράσινων υποδομών στην Ελλάδα, με στόχο την προώθηση των πηγών ενέργειας και τη μείωση των εκπομπών CO2»
Οι εκπρόσωποι της ProEuropean Trading GmbH θα είναι διαθέσιμοι καθ’ όλη τη διάρκεια της έκθεσης για να συζητήσουν με τους επισκέπτες και τους συνεργάτες τις προοπτικές συνεργασίας, καθώς και τις επενδυτικές δυνατότητες που προσφέρει η εταιρεία στον τομέα της ενέργειας. Θα βρίσκονται στο περίπτερο 13 της τιμώμενης χώρας Γερμανίας στην θέση C13 κάθε μέρα από τις 4 το απόγευμα μέχρι τις 10 το βράδυ.
The international trade fair “Key Energy” was concluded with absolute success, establishing itself as a leading destination for technologies, services, and integrated solutions in the field of energy efficiency and renewable energy sources. Organized annually by the Italian Exhibition Group (IEG) at the Rimini Fiera in Rimini, Italy, the exhibition covered central topics in the areas of hydrogen, photovoltaics, solar, wind, hydroelectric, and geothermal energy.
The focus of the exhibition was on promoting sustainable cities and buildings, sustainable mobility, energy efficiency, and security in the energy sector, with various main areas providing a comprehensive overview of current trends and developments.
The presence of the German Energy Company ProEuropean Trading Gmbh was significant, with Ms. Elena Margaritis, CEO, and Ms. Aikaterini Lianoudaki, CFO, meeting and discussing with professionals and interested parties from around the world. Moreover, they presented the progress of the significant project H2 Crete Valley, highlighting the benefits expected to be reaped in the energy world, starting from Atherinolakkos in Crete. The collaboration of ProEuropean with Siemens for the H2 Crete Valley project was highlighted as one of the dominant axes of the discussions that took place, confirming the continuous pursuit of both companies for innovation and sustainability.
“Key Energy” serves as a vital space for the exchange of ideas, the presentation of the latest innovations, and the strengthening of networks across a plethora of industrial sectors related to renewable energy sources and energy efficiency. The event showcases the dedication and commitment of the international community to this goal.
..The largest international trade fair in Europe, Hyvolution, opened its doors today in Paris, dedicated to the hydrogen sector, and will last until February 1st. Hyvolution 2024 offers a unique hub in Europe and around the world for professional meetings and high-level conferences, as it brings together all the stakeholders of the hydrogen ecosystem.
This year, the main sections of the exhibition extend to production, applications, and related services, focusing on three key markets: transportation, energy, and industry. With the participation of thousands of professionals from 50 countries and more than 575 exhibitors, the Hyvolution trade fair has become a hub for political and economic exchanges around hydrogen, which is rapidly developing and now plays a leading role in energy.
The works of the exhibition are also attended by the top executives of the German Energy Company ProEuropean Trading GmbH, Ms. Elena Margaritis, CEO, and Ms. Aikaterini Lianoudaki, CFO, who will have a series of contacts with scientists and executives of groups that play a leading role globally in the hydrogen sector.
At a crucial moment for the energy transition in Europe, the Greek House, within the framework of the World Economic Forum held in Davos, Switzerland, with the presence of the international jet set of politics and economy, hosted a very important discussion on Thursday, January 18, 2024, on the topic “The role of Green Hydrogen in the European transition towards zero emissions”
The key speakers were Mr. Georgios Chatzimarkakis, CEO of Hydrogen Europe, Ms.Ann Mettler, Vice President of Breakthrough Energy (an organization founded by Bill Gates), Ms.Irina Gorbounova, Vice President of ArcelorMittal, Mr. Andrea Bombardi, Executive Vice President of Carbon Reduction Excellence at RINA, and Ms. Aikaterini Lianoudaki, CFO of ProEuropean Trading GmbH. In the first section, the discussion underscored the intensification of efforts by Greece and other countries in the field of green energy and sustainable development, sending the message that the country can play a significant role in the European and global effort for the transition to zero emissions.
“Geographically, Greece is at a crossroads, but it can also play a role as a consumer, for example, for covering the energy needs of Crete or the Greek shipping industry. Europe needs hydrogen to reach its climate targets, as it can be used as a storage for green energy,” stressed the CEO of Hydrogen Europe, Georgios Chatzimarkakis. He particularly emphasized the importance of Greece’s role in supplying Europe with hydrogen, both as a producer and as a hub for transporting hydrogen produced in Egypt, Saudi Arabia, Oman, and the Emirates.
Ann Mettler, Vice President of Breakthrough Energy (an organization founded by Bill Gates), highlighted the development difficulties of hydrogen, especially in the EU-27 where there are conflicting interests and priorities among member countries. She pointed out the need to accelerate the processes of market unification and legislative improvement from the European Commission, stating that “achieving the goals will not come from the sky.”
Irina Gorbounova, Vice President of ArcelorMittal, stressed that steel is essential for the energy transition, but greening its production using hydrogen is still more expensive. “We need to close the cost gap, it is difficult to invest when there is no return,” she said, presenting the company’s efforts to produce climate-neutral steel.
Andrea Bombardi, Executive Vice President of the consulting firm RINA, mentioned that only 0.1% of the hydrogen produced today is green and that the infrastructure for production and transportation of hydrogen required to achieve European goals does not currently exist.
Katerina Lianoudaki, an executive at ProEuropean Trading GmbH, developing the H2Crete project for green hydrogen production in Atherinolakkos, Crete, highlighted the island’s strategic position for developing connections with the Middle East and Africa. Referring to investment financing, she noted that while there are several financial tools in the EU, bank financing remains difficult.
The discussion also made an important reference to the H2Crete project of the German Energy Company ProEuropean Trading GmbH based in Munich, which is the largest green energy project to be implemented in Greece, specifically in Crete in the Atherinolakkos area. This project represents a pioneering step in the application of green hydrogen production technologies, while simultaneously contributing to the reduction of CO2 emissions and enhancing the region’s energy autonomy.
It is important to emphasize that ProEuropean Trading GmbH has now established itself as a reliable player in the energy market, offering sustainable energy solutions and promoting innovations in the field of renewable sources. With its H2Crete project, it aims to incorporate advanced green hydrogen production technologies in an area with particular energy needs, such as Crete. Therefore, the German company’s efforts are focused on constructing and operating facilities that will produce green hydrogen through water electrolysis, using renewable energy sources. This innovative method of energy production is expected to contribute to the promotion of sustainability in the region.
The H2Crete project of ProEuropean Trading GmbH not only reflects its commitment to supporting sustainable energy solutions but also demonstrates the role that private enterprise can play in achieving environmental progress goals.
The entire video of the interesting discussion can be watched on the official website of ProEuropean Trading GmbH as well as on YouTube.
With great success, the Greek House Davos 2024 welcomed its guests as part of the Annual Meeting of the World Economic Forum in Davos, Switzerland, which will last until January 19th. The goal is to create an environment that promotes international collaborations while connecting the Greek business environment with the international business community and top economic stakeholders at both regional and international levels, with an expected attendance of approximately 3,500 visitors.
During these days, top executives of major international companies and investment firms, leading representatives of international organizations, and high-ranking government officials from around the world will have the opportunity to shape the new business landscape on the global stage through thematic discussions and interactions.
The agenda of Greek House Davos 2024 includes cutting-edge topics such as resilient economies, innovative entrepreneurship, strategic investments, sustainable development, energy transition, climate crisis, sustainable tourism, geopolitical trends, technological discoveries, and the evolving role of businesses in shaping public policy for future generations, with the aim of promoting regional dialogue and cooperation.
This year, the protagonists at the World Economic Forum will be green energy companies and major projects planned worldwide, especially in Greece, by internationally recognized companies such as the German Proeuropean Trading GmbH, which will also implement the H2Crete project in Atherinolako, Crete.
The opening of such discussions was led by Deputy Minister of Environment and Energy, Alexandra Sdoukou, who emphasized that Greece is accelerating its efforts to become a hub for energy supply and exporter of clean energy to the countries in the region and Central Europe. “Our main goal is for Greece to become the center for the transfer of green energy from Africa and the Middle East to Europe,” Ms. Sdoukou stated. “To achieve this, we are implementing a series of projects, including connections with Cyprus and Israel, as well as Egypt,” she added.
On Thursday, January 18th, the Greek House Davos places particular emphasis on emerging energy infrastructure and technologies, such as green hydrogen. In the discussion titled “The role of Green Hydrogen in the European transition towards zero emissions,” key speakers will include Mr. George Hatzimarkakis, CEO of Hydrogen Europe, Mr. Andrea Bombardi, Executive Vice President of Carbon Reduction Excellence at RINA, Ms. Aikaterini Lianoudaki, CFO of ProEuropean Trading GmbH, who will provide detailed insights into the H2Crete project, the largest green energy project to be implemented in Crete and Greece.
The European Hydrogen Week 2023, held in Brussels, emphasizes the role of hydrogen in the energy transition. This year’s event is a collaboration between Hydrogen Europe, the European Commission, and the Clean Hydrogen Partnership. As the world strives to achieve the Paris Agreement goals, hydrogen technologies are playing an increasingly vital role. The focus is on facilitating discussions, exchanging knowledge, and exploring new advancements in the hydrogen sector.
The Region of Crete has been closely following the rapid developments in the utilization of Hydrogen as an alternative fuel for many years, and as a result of this long-term effort, it is participating as a “partner” in two major projects: Grave and H2 Crete Hydrogen Valley. These projects have already started with formal preparatory actions and will soon move to more practical measures, aiming to eventually produce hydrogen for the first time on the island.
“There are obviously many technical and legislative difficulties, but the need to utilize clean and green Hydrogen as a dominant alternative fuel and energy source on our island will overcome these obstacles,” emphasized Giorgos Alexakis, Regional Councillor of Crete and Special Advisor on European and International Affairs. “From our international contacts here at the Hydrogen Exhibition, I am impressed that many want to invest in Crete for Hydrogen,” noted Lefteris Kopasis, Regional Councillor of Crete, who also attended the presentation of the ProEuropean project named H2 Crete Hydrogen Valley.
The Cretan delegation consists of Giorgos Alexakis and Lefteris Kopasis, Regional Councillors, and the administrative factors Aris Stratakis and Andreas Pantelous, who participate and monitor the proceedings of the meetings, conducting bilateral contacts with politicians, scientists, businessmen, consultants, and investors.
The successful presentation of the H2CRETE Valley project took place during the Hydrogen Week held in Brussels from November 20th to 24th. The project of the German Energy Company ProEuropean Trading GmbH is being handled by the experienced Engineers and Economists of the world-renowned company RINA, and the presentation was given by the Vice President, Mr. Andrea Bombardi, of Carbon Reduction Excellence.
RINA is a global certification, inspection, testing, and consulting services company, founded in Italy with a long history dating back to 1861. RINA specializes in various sectors, including shipping, energy, infrastructure, and industry, offering technical services aimed at improving safety and quality. RINA is also involved in the development and implementation of innovative solutions to support its clients in achieving sustainable development. RINA has an extensive global network, with over 200 offices and laboratories in 70 countries, and employs more than 5,300 people. The company’s headquarters are located in Genoa, Italy. During the presentation, Mr. Bombardi analyzed the H2CRETE Valley project as follows:
The energy transition, as a roadmap towards net-zero, is pervasive to all the sectors and must leverage on all the technologies and solutions that could help reach this goal. Industrial players need to balance the technology maturity with long term investments, infrastructure readiness with EU policies, energy independence with feasibility.
In this context, Hydrogen (H2) will play a major role in the energy transition. Hydrogen technologies provide a mature and competitive solutions towards EU energy security and decarbonization strategies.
H2 Production process (electrolysis) and RES power generation are becoming cheaper, making Green H2 a strong alternative in the energy transformation of many hard-to-abate industries.
The European Union aims to achieve a domestic production of 10 million tons by 2030. To meet the production targets set by EU, additional investments in production capacity are necessary, particularly in Green H2.
“In this well-known and challenging context, H2CRETE Valley is a pioneer project since it allows the island of Crete, also for its strategic position, to become a Green Hydrogen hub and a key pillar of entry, transmission, and distribution of energy from North Africa to Europe.” – stated Andrea Bombardi, Carbon Reduction Excellence, Executive Vice President in RINA – “RINA’s experienced engineers and economists are fully committed in supporting the complete development of the project, from the techno-economic feasibility study to the final deployment and entry into operation in January 2028 ”
H2CRETE is, in fact, focused on large-scale Green H2 production facility of 100 MW, located in Atherinolakos – Crete Island (Greece).
It is worth to underline that Greece is part of the Hydrogen Corridor E – East and South-East Europe designed by European Hydrogen Backbone (EHB) and part of the South-Eastern H2 Corridor designed by European Clean Hydrogen Alliance (ECH2A).
Finally, H2CRETE is recognized as “Hydrogen Valley” by Clean Hydrogen Partnership through Mission Innovation Hydrogen Valley Platform. Currently, there are 54 Hydrogen Valleys in EU27 and only 2 in Greece. “With these premises the realization of H2CRETE is extremely strategic not only for Greece but for Europe as a whole” Mr Bombardi concludes.
H2CRETE Valley’s ambition is not only to be a pioneer in Green Hydrogen production but also to become a lighthouse project for the Industry as a whole, generating spillover effects. Thanks to RINA, H2CRETE project will develop pricing modelling, techno-economic analyses & insights, paving the way to the establishment of the European Green Hydrogen Industry.
Dear friends of Hydrogen Europe and the Clean Hydrogen Partnership, Excellencies, Distinguished guests, Ladies and gentlemen,
I remember very vividly the moment when we launched the European Green Deal, exactly four years ago. Back then, clean hydrogen was the dream of a few visionaries – many of whom are in the audience today. Those visionaries believed that clean hydrogen could be central to our transition towards climate neutrality. With its potential to power heavy industries, to propel trucks and trains, and to store seasonal energy.
Today, four years later, the hydrogen economy is blooming. The first hydrogen buses are running in European cities, from Riga to Barcelona. Construction works have just begun on the Port of Rotterdam, to build a hydrogen network that will span for over one thousand kilometres. And weeks ago, the world’s first plane powered by liquid hydrogen cruised the skies of Slovenia. It is the dawn of the clean hydrogen era. And all of this is happening thanks to people like you, pioneers and believers in the clean hydrogen revolution.
In these four years, we have done our utmost to support and accompany you. To help you bring innovative hydrogen solutions from the laboratory to the factory, from the factory to the market, and from niche to scale. We have been working on three main strands.
First, strong public investment to scale up the hydrogen market. Second, international cooperation to build a global market for hydrogen. And third, a new partnership with the private sector to spur innovation. Let me update you on the progress we have achieved so far on each strand of work.
First, on investment. The European Green Deal is backed by massive investment. With NextGenerationEU and REPowerEU, we are investing in hydrogen valleys, hydrogen trains, and clean-steel factories. We have authorised over 17 billion euros in State Aid for roughly 80 hydrogen projects across the EU. And this week, we are taking the next step, launching the first auction of the European Hydrogen Bank. It is backed by 800 million euros in European funding. And more importantly, it will attract private sector financing and result in commercial off-take agreements.
Today I can also announce the next steps for the European Hydrogen Bank. In Spring 2024, we will launch the second round of auctions, reaching a total value of three billion euros. It is a promise we made one year ago, and it is now becoming reality. In parallel, we are also working on the international leg of the European Hydrogen Bank. This will secure diversified imports of renewable hydrogen from reliable suppliers abroad.
And this leads me to my second point. That is,
developing a global market for clean hydrogen. We have already signed hydrogen partnerships with countries ranging from Egypt, Kenya and Namibia, to Latin American countries. They have immense potential to produce clean energy, transform it into clean hydrogen, and then ship it to the world.
And here at the Hydrogen Week, new and exciting initiatives will see the light and will be discussed. With Kazakhstan, Australia and Oman. And together with President Lula of Brazil, we are announcing the European Union’s support to build one of the biggest hydrogen projects in the world, in the Brazilian State of Piaui. It is part of a two billion euro Global Gateway investment in the hydrogen value chain in Brazil.
This new Green Energy Park will be a 10 GW production facility for clean hydrogen and ammonia, which will then be shipped to the island of Krk in Croatia. From there, hydrogen will travel to serve industrial off-takers in South-East Europe. And in parallel, this project will create local jobs and value chains in Brazil.
All of this shows, more than ever, that Europe is not only a clean hydrogen pioneer, but also a partner – to build a worldwide hydrogen market. With these public investments we are helping attract and mobilise massive private capital.
Cooperation with the private sector is my third and final point. This has always been the logic of the European Green Deal: We provide clear rules and incentives, so that you, inventors and investors, can push forward the clean transition. With you, the industry, in the driving seat. This is why we have just launched a series of Clean Transition Dialogues with each industrial ecosystem.
And it was only natural to dedicate the first Clean Transition Dialogue to the hydrogen industry. Last month we sat down with many of you, to plan the next phase for the European hydrogen sector. Now, we have to follow up our conversation. And we will do just that. By the end of the year, we will assess how Member States plan to implement their national hydrogen commitments. To provide you with a clear roadmap towards 2030 in each Member State.
We will also make it simpler to access public financing. By creating a one-stop-shop under the European Hydrogen Bank, to guide hydrogen project promoters on EU funding. In our dialogue, we also discussed how to support producers and consumers to better find each other. Linking the demand and supply of clean hydrogen.
We will do this by creating a public platform where consumers can indicate their demand.And producers can find their off-takers.These are just three examples that show how we are moving to the next phase. From dialogue with industry to the actual creation of Europe’s hydrogen market. Setting it on the fast track.
That is exactly the core business of the European Hydrogen Week. This is a place where governments meet industry, companies meet customers and ideas meet investors. It is a place where vision becomes reality. And this is the destiny of the clean hydrogen economy.
I wish you all a very successful European Hydrogen Week.
The European Hydrogen Week has commenced in Brussels, where leading companies from around the world in this sector are participating. Among them is the German energy company ProEuropean Trading GmbH, led by Ms. Elena Margariti and Ms. Aikaterini Lianoudaki, accompanied by a large group of scientists. During the four-day high-level policy conference and forum, top policymakers in the hydrogen field will discuss and present the latest developments, challenges, and opportunities in this distinct energy sector, which is gaining ground worldwide.
The event began with a recorded message from President Ursula von der Leyen and a keynote speech by Executive Vice President Maroš Šefčovič on the role of hydrogen and the global challenges ahead, referring to the need to maintain the competitiveness of the EU industry.
With more than 7000 participants and an exhibition spanning 8000 sqm, the European Hydrogen Week promises to be a pivotal point for networking, relationship building, and knowledge exchange. Participants will have the opportunity to attend various talks in the conference streams, participate in discussions with experts, and attend networking evenings where hydrogen industry personalities and influencers will discuss industry developments.
There is also great interest in the presentation of the major project by the German energy company ProEuropean Trading GmbH, which will be implemented in Crete, the H2CRETE Valley. This project aims to transform the beautiful Greek island into the first independently green-energy-powered region.
The Business Dinner of the Hellenic-German Chamber of Commerce was held with great success on Friday, November 3rd, at the “Makedonia Palace” hotel in Thessaloniki. The official guests and speakers of the dinner were the Minister of Labor and Social Security, Adonis Georgiadis, and the Minister of Development, Kostas Skrekas. After their speeches, the Ministers took part in a Q&A session and discussed with the participants all the open issues of the economy, especially the government’s plans in the fields of investments and entrepreneurship.
In a period of intense investment activity and shortly after the election of the new government, the Hellenic-German Chamber of Commerce took the initiative to organize this particular event in order to highlight the characteristics that make up a rapidly changing economic environment which is clearly affected by the current developments of the last few days.
Significant at the event, and as a “Gold Sponsor,” was the presence of the German energy company ProEuropean Trading GmbH, represented by the CEO Ms. Elena Margariti, accompanied by Ms. Melissa Verykios, Chair of the Board of Clean Hydrogen Partnership, and Dr. Ioannis Tzortzis, Legal Advisor, Head of the Coordinating Committee of the Fair Development Transition Plan.
During their contacts with the Ministers, MPs, and Entrepreneurs of the Hellenic-German Chamber of Commerce, they had the opportunity to showcase the major project to be carried out in Crete, the H2 CRETE VALLEY, whose official presentation will take place on Tuesday, November 21st, 2023, in Brussels at the Hydrogen Week exhibition. This project is part of the 84 globally recognized valleys by the Clean Hydrogen Partnership organization and concerns the production of Green Hydrogen from Renewable Energy Sources (RES).
Aker Horizons and Statkraft have agreed to collaborate on a large-scale green hydrogen and ammonia 600MW project in Narvik, Norway.
The plant is expected to produce 1,000 – 1,500 tonnes of green ammonia per day, with aims to reach final investment decision (FID) in 2025 and plans to begin commercial operations in 2028.
The two companies first signed a power purchase agreement (PPA) in July (2023), and have now agreed to develop and mature the project together with the aim of establishing a jointly owned company, Narvik Green Ammonia DA.
Aker Horizons has signed letters of intent with several ‘major’ European energy, industrial and chemical companies, whilst Narvik Green Ammonia will look for opportunities to collaborate with off takers in Norway, and in particular the maritime sector.
Securing long-term sales agreements, and further reducing costs and risks in the project will be important requirements in the next project phase and make it competitive in the European green hydrogen and ammonia market.
Bjørn Holsen, Senior Vice President for Hydrogen at Statkraft, said, “Collaborating with Aker Horizons to develop a large-scale green ammonia project in Narvik fits well with our ambition to become a significant player in the market for green hydrogen and hydrogen-based energy products.
“Statkraft wants to build new green industry based on renewable energy. Through the production of an industrial product such as green ammonia, we can contribute both to cutting emissions, driving the transition necessary and creating jobs locally.”
The green hydrogen and ammonia site in Narvik is anticipated to support the EU’s goal of producing and importing 10 million tonnes of green hydrogen by 2030.
Sverre Isak Bjørn, Asset Development Director, at Aker Horizons, said, “The Norwegian and German governments have established a joint Task Force to work on enabling the large-scale supply of hydrogen from Norway to Germany by 2030.
“The partnership established between Statkraft and Aker Horizons constitutes an important step forward in positioning Narvik Green Ammonia to contribute to this supply.”
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