SARRALLE signs the MOU at Basque Hydrogen Corridor
The Repsol group, through its Basque subsidiary Petronor has presented the strategy for the development of the Basque Hydrogen Corridor in Bilbao, which
The Repsol group, through its Basque subsidiary Petronor has presented the strategy for the development of the Basque Hydrogen Corridor in Bilbao, which aims to be comprehensive and incorporates the entire value chain. The energy proposal is a collaboration of all the industrial sectors of the Basque Country and its implementation was made official with the signing of 78 public and private entities. Among the collaborating companies are Saudi Aramco and Enegás through CAF, Aena and Aernnova among others. In the steel sector, SARRALLE will collaborate with organizations such as ArcelorMittal, Tubacex, Tubos Reunidos, Celsa and Sidenor. The initiative launched to create the Basque Hydrogen Corridor has ambitious objectives as it contemplates making investments amounting to about 1,300 million euros during 2021-26
This great energy-industrial commitment to the future will be carried out through the development of 34 initiatives, segmented into 6 verticals where SARRALLE, through its Environment & Energy business line, is already working with the aim of developing technologies for the use of hydrogen in the Electric Arc Furnace and Reheating Furnace as an alternative energy to fossil gas and coal.
Hydrogen is a key vector and an essential element for the energy transition and in the fight against climate change. The European Union has opted for hydrogen as a fuel for the future to achieve a climate-neutral Europe by 2050 and within the framework of this strategy, Europe can become the leader of transformation. The Basque Country has sufficient strengths and strategic positioning to develop this process thanks to the tractor companies, an industry of electrical capital goods, port infrastructures, gas networks and technological capacity.