The grand announcement has been made of a groundbreaking £180m Green Hydrogen facility poised to grace the illustrious Saltend Chemicals Park in Hull. Meld Energy, the visionary international hydrogen development company, has unveiled plans for this ambitious venture, which comes hand-in-hand with a significant investment ranging from £180mn to £240mn.Renowned for its expertise in global energy management, World Fuel Services Corporation has joined forces with Meld Energy to forge the intricate web of green hydrogen supply chains. The acquisition of a 50% stake in Meld by World Kinect Sustainability Ventures, a subsidiary of a publicly listed US Fortune 500 company, has further propelled the enterprise into new realms of possibility. Presently, Meld is vying for development support from the esteemed UK's Net Zero Hydrogen Fund, awaiting government backing that would set the wheels in motion for the FEED (Front End Engineering Design) phase, anticipated to commence in November 2023, concomitant with planning application processes. The construction itself would commence less than a year later, with a target operation set for 2026.Should this ambitious project come to fruition, it would solidify its position as the largest green hydrogen production facility in the UK, boasting an initial installed capacity of 100MW, with the potential for expansion to over 200MW in subsequent stages of development.The green hydrogen produced at the facility would be a result of the electrolysis, utilizing renewable electricity to disintegrate water into its elemental components: hydrogen and oxygen. The pristine virtue of this hydrogen lies in its "green" classification, in stark contrast to the carbon-intensive gray and blue variants. Meld Energy plans to secure Power Purchase Agreements (PPAs) with renewable energy suppliers, ensuring the sustainability of their operations.The hydrogen generated by Meld Energy's groundbreaking facility would revolutionize energy consumption at Saltend, supplanting carbon-intensive fuels and chemical feedstock with emissions-free green hydrogen. Situated in the Humber region, widely recognized as the UK's most carbon-intensive locale, this transformation would pave the way for a significant reduction in carbon emissions.Chris Smith, the astute CEO & Founder of Meld Energy, underscores the aptness of Saltend Chemicals Park as the chosen site for their ambitious green hydrogen facility. He highlights the park's rich history of decarbonization projects and emphasizes the existing demand for hydrogen among future users, rendering Saltend the perfect host for this revolutionary undertaking.With an estimated timeline of a mere three years until completion, this visionary facility promises an immediate reduction in emissions upon its commencement of production. Furthermore, it possesses the scalability to double its output in response to the ever-growing demand for hydrogen, thereby aligning with the country's Net Zero targets.
The grand announcement has been made of a groundbreaking £180m Green Hydrogen facility poised to grace the illustrious Saltend Chemicals Park in Hull. Meld Energy, the visionary international hydrogen development company, has unveiled plans for this ambitious venture, which comes hand-in-hand with a significant investment ranging from £180mn to £240mn.Renowned for its expertise in global energy management, World Fuel Services Corporation has joined forces with Meld Energy to forge the intricate web of green hydrogen supply chains. The acquisition of a 50% stake in Meld by World Kinect Sustainability Ventures, a subsidiary of a publicly listed US Fortune 500 company, has further propelled the enterprise into new realms of possibility. Presently, Meld is vying for development support from the esteemed UK's Net Zero Hydrogen Fund, awaiting government backing that would set the wheels in motion for the FEED (Front End Engineering Design) phase, anticipated to commence in November 2023, concomitant with planning application processes. The construction itself would commence less than a year later, with a target operation set for 2026.Should this ambitious project come to fruition, it would solidify its position as the largest green hydrogen production facility in the UK, boasting an initial installed capacity of 100MW, with the potential for expansion to over 200MW in subsequent stages of development.The green hydrogen produced at the facility would be a result of the electrolysis, utilizing renewable electricity to disintegrate water into its elemental components: hydrogen and oxygen. The pristine virtue of this hydrogen lies in its "green" classification, in stark contrast to the carbon-intensive gray and blue variants. Meld Energy plans to secure Power Purchase Agreements (PPAs) with renewable energy suppliers, ensuring the sustainability of their operations.The hydrogen generated by Meld Energy's groundbreaking facility would revolutionize energy consumption at Saltend, supplanting carbon-intensive fuels and chemical feedstock with emissions-free green hydrogen. Situated in the Humber region, widely recognized as the UK's most carbon-intensive locale, this transformation would pave the way for a significant reduction in carbon emissions.Chris Smith, the astute CEO & Founder of Meld Energy, underscores the aptness of Saltend Chemicals Park as the chosen site for their ambitious green hydrogen facility. He highlights the park's rich history of decarbonization projects and emphasizes the existing demand for hydrogen among future users, rendering Saltend the perfect host for this revolutionary undertaking.With an estimated timeline of a mere three years until completion, this visionary facility promises an immediate reduction in emissions upon its commencement of production. Furthermore, it possesses the scalability to double its output in response to the ever-growing demand for hydrogen, thereby aligning with the country's Net Zero targets.
