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Mytilineos invests in green hydrogen in Australia

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Mytilineos invests in green hydrogen in Australia

In the field of supplying heavy vehicles with green hydrogen Mytilineos Energy and Metals. The company announced the acquisition of a 15% stake in CLARA Energy’s Rosedale green hydrogen project in Australia. Investments by a Greek company will support the first stage of the power unit construction project hydrogen which will be powered exclusively by photovoltaic production and will feed them heavy vehicles which cross one of the largest highways in the country Sydney-Melbourne-Home.

The location of the facility is the most suitable to become the main supplier of fuel for heavy vehicles, since all vehicles, Sydney and Melbourne they use this route. CLARA Energy’s final plan for the project is to develop photovoltaic The 800 MW park is next to a 560 MW hydrogen plant near Gundagai, which will be capable of producing enough hydrogen to power the 800 heavy vehicles that cross the Hume Highway daily. In the first phase, solar power will reach 250 MW and the hydrogen plant will produce enough to be used by 200 heavy vehicles.

This is another investment that contributes to the company’s zero operations, commented Ioannis Kalafatas, chief executive officer of Mytilineos’ energy division. “This project is Australia We hope that it will not be the only one and soon we will have more news,” he stressed.

It is worth noting that in a world where the transport sector is constantly evolving and electrification is in full swing, heavy vehicles seem to be left behind. Specifically, as of 2020, transport is the number one emitter of carbon dioxide, with the transport sector producing about 7.3 billion metric tons of CO2 emissions annually. Heavy vehicles account for a significant portion of these global transport emissions. At that time, European Commission proposed tighter caps on CO2 emissions from heavy trucks, with new trucks cutting emissions by 90% by 2040.

The use of hydrogen is an important decision as new technologies in the automotive industry could bring cleaner uses closer, especially for the main transport pollutant, which is heavy vehicles and trucks.

Author: Chris Liangou

Source: Kathimerini

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