Connection

popular articles

Waaree inaugurates 5.4 GW solar gigafactory in Chikhli, strengthening India’s industrial capacity
Bangladesh revives solar push with 2.65 GW tender amid investor concerns
Poland injects 60 billion zloty into its first nuclear power plant
The World Bank anticipates a historic drop in oil prices in 2025
Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC

Neste supported by the European Union

Neste receives EU funding for renewable hydrogen projects in Porvoo, Finland.
  • [favorite_button]

Please share:

Neste receives EU funding for renewable hydrogen projects in Porvoo, Finland.

An IPCEI project

Neste receives €27.7 million in EU funding for renewable hydrogen projects at Porvoo refinery. The objective is to develop solutions for the production of renewable hydrogen. In addition, in July 2022, the company was the first Finnish company to receive IPCEI status from the European Commission.

Obtaining IPCEI (Important Project of Common European Interest) status allowed Neste to apply for public funding. EU IPCEI projects promote the EU’s strategic objectives. In addition, they support common interests by supporting innovation projects in different member states.

Political support

The grant decision for the Porvoo refinery is part of the first wave of the Union’s IPCEI hydrogen projects. The objective is to develop and accelerate the production and use of renewable hydrogen throughout Europe. In addition, projects related to the hydrogen economy value chain are part of the Finalnde’s sustainable growth program.

Outi Ervasti, vice president of renewable hydrogen at Neste, says:

“Neste’s goal is to strengthen the European hydrogen value chain and be at the forefront of the production and development of renewable hydrogen solutions. This grant will have a significant impact on the progress of our green hydrogen projects in today’s challenging business environment. We would like to thank the Finnish Ministry of Economic Affairs and Employment and Business for the funding and their support in the application process.”

In September 2022, Neste launched a strategic study on the long-term transition of its Porvoo refinery. The company aims to make the refinery a global site for renewable and circular solutions.

Register free of charge for uninterrupted access.

Publicite

Latest news

India’s coal-fired electricity generation drops 9.5% in May, steepest decline in five years
Pine Gate signs 586 MW deal with Waaree for US-made solar modules
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
NANO Nuclear strengthens its board with former U.S. Department of Energy official
US crude oil inventories fall by 4.3 million barrels

Recently published in

Ballard signs deal to supply 1.5 MW hydrogen engines to Sierra Northern

Ballard Power Systems will supply 12 fuel cell modules to Sierra Northern Railway to convert three diesel locomotives into hydrogen-powered units. Delivery is expected during 2025.
Vallourec obtains qualification for its Delphy hydrogen storage solution
Vallourec announces the official qualification of its vertical hydrogen storage solution Delphy by DNV, marking a decisive step towards the commercialisation of this innovative technology.
en_1140290994540
Vallourec obtains qualification for its Delphy hydrogen storage solution
Vallourec announces the official qualification of its vertical hydrogen storage solution Delphy by DNV, marking a decisive step towards the commercialisation of this innovative technology.
en_1140290994540
Envision Energy signs global green ammonia agreement with Marubeni
Chinese group Envision Energy has signed a strategic agreement with Marubeni to supply green ammonia, marking a major milestone in energy trade between China and Japan.
en_1140290951540-3
Envision Energy signs global green ammonia agreement with Marubeni
Chinese group Envision Energy has signed a strategic agreement with Marubeni to supply green ammonia, marking a major milestone in energy trade between China and Japan.
en_1140290951540-3
HDF Energy signs two agreements in Indonesia for green hydrogen projects
HDF Energy signed two protocols with Indonesian public partners to support the financing and deployment of 23 green hydrogen power plants during Emmanuel Macron’s state visit to Jakarta.
en_1140290954540-3
HDF Energy signs two agreements in Indonesia for green hydrogen projects
HDF Energy signed two protocols with Indonesian public partners to support the financing and deployment of 23 green hydrogen power plants during Emmanuel Macron’s state visit to Jakarta.
en_1140290954540-3

Plug Power sets industry record with 300 tonnes of liquid hydrogen produced

Plug Power’s plant in Georgia reached a record output of 300 tonnes of liquid hydrogen in April, marking a key milestone in the company’s industrial deployment of its GenEco electrolyser technology.
OMV invests in 140 MW electrolyser to secure hydrogen supply
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
en_1140290952540-2
OMV invests in 140 MW electrolyser to secure hydrogen supply
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
en_1140290952540-2
Australia falling behind in low-carbon hydrogen despite recognised global potential
With 80% of its projects still in early stages, Australia struggles to realise its hydrogen ambitions, according to Wood Mackenzie, which warns of lost competitiveness against Europe and the Middle East.
en_1140290959540
Australia falling behind in low-carbon hydrogen despite recognised global potential
With 80% of its projects still in early stages, Australia struggles to realise its hydrogen ambitions, according to Wood Mackenzie, which warns of lost competitiveness against Europe and the Middle East.
en_1140290959540
Siemens and RIC Energy join forces to develop synthetic fuels in Spain
RIC Energy and Siemens have signed an agreement to develop industrial projects in Spain focused on renewable hydrogen, green ammonia and e-fuels, including technical solutions and financing mechanisms.
en_1140290961540-13
Siemens and RIC Energy join forces to develop synthetic fuels in Spain
RIC Energy and Siemens have signed an agreement to develop industrial projects in Spain focused on renewable hydrogen, green ammonia and e-fuels, including technical solutions and financing mechanisms.
en_1140290961540-13

Verdagy and Mainspring to install hydrogen-powered generator in Moss Landing

Verdagy will supply hydrogen to Mainspring Energy to power a linear plant in Moss Landing, with operations expected to begin by summer 2025.
European Energy launches e-methanol production and posts strong results
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
en_1140290959540-16
European Energy launches e-methanol production and posts strong results
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
en_1140290959540-16
Xodus secures 16,000 hectares in Australia for green hydrogen project
Xodus received a strategic land allocation in Oakajee to launch a commercial hydrogen and ammonia project, supported by power supply agreements and industrial partners.
en_1140290962540-9
Xodus secures 16,000 hectares in Australia for green hydrogen project
Xodus received a strategic land allocation in Oakajee to launch a commercial hydrogen and ammonia project, supported by power supply agreements and industrial partners.
en_1140290962540-9
AM Green and Port of Rotterdam target 1 million tonnes of green fuels per year
A strategic partnership between AM Green and the Port of Rotterdam could generate up to USD1bn in annual green fuel trade between India and Europe.
en_1140290960540-12
AM Green and Port of Rotterdam target 1 million tonnes of green fuels per year
A strategic partnership between AM Green and the Port of Rotterdam could generate up to USD1bn in annual green fuel trade between India and Europe.
en_1140290960540-12

Envision Energy obtains Bureau Veritas certification for its green ammonia plant in China

Envision Energy’s green ammonia project in Chifeng becomes one of the first globally to receive Bureau Veritas certification, enhancing its international market credibility.
Energy Estate acquires strategic energy complex in California to produce hydrogen
Australia’s Energy Estate has acquired the San Luis Industrial Complex, a California-based site backed by a $12.6bn public-private partnership aimed at accelerating green hydrogen production for industry and transport.
en_1140290962540-7
Energy Estate acquires strategic energy complex in California to produce hydrogen
Australia’s Energy Estate has acquired the San Luis Industrial Complex, a California-based site backed by a $12.6bn public-private partnership aimed at accelerating green hydrogen production for industry and transport.
en_1140290962540-7
HyCC launches H2Next, a 25,000-tonne green hydrogen project in Rotterdam
HyCC signed an agreement with the Port of Rotterdam Authority to build a large-scale electrolysis plant on the Maasvlakte, with an expected annual output of 25,000 tonnes of green hydrogen.
en_1140290974540-4
HyCC launches H2Next, a 25,000-tonne green hydrogen project in Rotterdam
HyCC signed an agreement with the Port of Rotterdam Authority to build a large-scale electrolysis plant on the Maasvlakte, with an expected annual output of 25,000 tonnes of green hydrogen.
en_1140290974540-4
Europe Revives Industrial Hydrogen with Major Funding Despite Market Turbulence
The European hydrogen industry regains momentum after a challenging period, backed by significant funding and strategic consolidation among leading industrial players on the continent.
en_1140290981540-4
Europe Revives Industrial Hydrogen with Major Funding Despite Market Turbulence
The European hydrogen industry regains momentum after a challenging period, backed by significant funding and strategic consolidation among leading industrial players on the continent.
en_1140290981540-4

Hydrogen Storage in Salt Caverns: Opportunities and Challenges for Industry

Engie validates hydrogen storage in salt caverns, opening a strategic market for industrial firms and energy producers facing the rise of renewable gases and the need to diversify technical solutions to meet increasing demand.
UMOE receives US approval for 350-bar hydrogen storage trailers
UMOE Advanced Composites and its exclusive agent Celly H2 have received approval from the United States Department of Transportation to deploy their Type IV storage trailers in the American hydrogen distribution network.
en_1140290953540-11
UMOE receives US approval for 350-bar hydrogen storage trailers
UMOE Advanced Composites and its exclusive agent Celly H2 have received approval from the United States Department of Transportation to deploy their Type IV storage trailers in the American hydrogen distribution network.
en_1140290953540-11
Brussels approves ENNOH’s provisional statutes to launch hydrogen cooperation
The European Commission has published its opinion on ENNOH’s founding documents, paving the way for the organisation of hydrogen network operators across Europe.
en_1140291000540
Brussels approves ENNOH’s provisional statutes to launch hydrogen cooperation
The European Commission has published its opinion on ENNOH’s founding documents, paving the way for the organisation of hydrogen network operators across Europe.
en_1140291000540
Atlantic Hydrogen Alliance launches supply chain development plan
A project led by the government of Newfoundland and Labrador will assess the construction and operational needs of a hydrogen supply chain in Eastern Canada.
en_1140291004540
Atlantic Hydrogen Alliance launches supply chain development plan
A project led by the government of Newfoundland and Labrador will assess the construction and operational needs of a hydrogen supply chain in Eastern Canada.
en_1140291004540

McPhy heads towards judicial liquidation after failure of full takeover offers

The French hydrogen company closed its tender process without receiving any in bonis offers, paving the way for a partial asset sale and liquidation proceedings.
EU delays classification of nuclear hydrogen as “low-carbon” fuel
The postponement of nuclear-produced hydrogen’s classification as a “low-carbon” fuel until 2028 is raising concerns among industry players, especially those backing this energy source.
en_1140290949540-7
EU delays classification of nuclear hydrogen as “low-carbon” fuel
The postponement of nuclear-produced hydrogen’s classification as a “low-carbon” fuel until 2028 is raising concerns among industry players, especially those backing this energy source.
en_1140290949540-7
Hystar signs second contract in South Korea with Sunbo Unitech
Hystar has signed a new agreement with Sunbo Unitech to supply PEM electrolyser stacks for a green hydrogen project in Boryeong, South Korea, marking its second contract in this strategic market.
en_1140290958540-7
Hystar signs second contract in South Korea with Sunbo Unitech
Hystar has signed a new agreement with Sunbo Unitech to supply PEM electrolyser stacks for a green hydrogen project in Boryeong, South Korea, marking its second contract in this strategic market.
en_1140290958540-7
Elcogen signs agreement with Casale to integrate green hydrogen into ammonia
Elcogen and Casale begin collaboration on Power-to-X projects combining solid oxide electrolysis and chemical processes in green ammonia production.
en_1140290946540-4
Elcogen signs agreement with Casale to integrate green hydrogen into ammonia
Elcogen and Casale begin collaboration on Power-to-X projects combining solid oxide electrolysis and chemical processes in green ammonia production.
en_1140290946540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS