Air Products and Mabanaft Plan to Build Large-Scale Green Energy Import Terminal in Hamburg

The announcement ceremony held in Hamburg was attended by Federal Minister for Economic Affairs and Climate Action Dr Robert Habeck and First Mayor of Hamburg Dr Peter Tschentscher

Today, Air Products (NYSE:APD) and Mabanaft, through its subsidiary Oiltanking Deutschland, announced their intention to build Germany's first large-scale, green energy import terminal in the Port of Hamburg. This joint development agreement is an important step towards the development of a green ammonia import and distribution infrastructure in the Port of Hamburg. The project was announced at a ceremony in Hamburg, which was supported by German Federal Minister for Economic Affairs and Climate Action Dr Robert Habeck and First Mayor of Hamburg Dr Peter Tschentscher.

Targeted to provide hydrogen to Germany in 2026, the planned import terminal is to be located at Mabanaft’s existing tank terminal in the Port. This location offers strategic access to green ammonia from large-scale green hydrogen production facilities operated by Air Products and its partners around the world. The intention is to convert the ammonia to green hydrogen via Air Products’ facilities in Hamburg, before distributing it to buyers locally and across northern Germany. This plan responds to the accelerating demand for clean energy to meet climate objectives and the need to diversify energy sources.

Decarbonising the mobility sector and industrial processes

Air Products and Mabanaft are committed to expediting the development of this planned, multi-million-euro, green import facility for Germany.

Federal Minister for Economic Affairs and Climate Action Dr Robert Habeck said: “Now more than ever, we need to advance the hydrogen economy. To do this, we are setting up our own hydrogen production in Germany, but of course we also need hydrogen from imports. An accelerated energy transition with more speed in expanding renewable energies and ramping up green hydrogen are the right answers to the Russian aggression and the right answers to strengthen energy security, resilience and competitiveness.”

Hamburg's First Mayor Dr Peter Tschentscher: "Hamburg offers excellent conditions for the import, distribution and use of green hydrogen. It is already clear today that the demand for hydrogen in Germany far exceeds the domestic production capacities. As a traditional trading city, we maintain good relations all over the world, and the interest of our international partners in the development of a green hydrogen economy is great. Hamburg aims to become a leading hydrogen location in Europe. We want to help ensure energy security in Germany and advance the decarbonisation of industry and the economy."

https://www.airproducts.com/news-center/2022/11/1117-air-products-and-mabanaft-to-build-large-scale-green-energy-import-terminal-in-hamburg