The announcement ceremony held in Hamburg was attended by Federal Minister for
Economic Affairs and Climate Action Robert Habeck and First Mayor
of Hamburg Dr. Peter Tschentscher
HATTINGEN, Germany and HAMBURG,
Germany, Nov. 17, 2022 /PRNewswire/ -- 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 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.
"Together with Mabanaft, we look forward to further
progressing our plans of importing needed-renewable energy into
Germany, through our planned
facility," said Air Products' Chairman, President and CEO
Seifi Ghasemi. "As the world's
largest producer of hydrogen, Air Products is in an excellent
position to meet demand, having committed billions of dollars to
produce renewable energy at locations around the world. Air
Products fully appreciates the support and visionary leadership of
the German government, further demonstrated by the presence of
Minister Habeck, the Port of Hamburg and other members of regional and
local governments at today's ceremony," he added.
"We are delighted to work together with Air Products, the
world's leading hydrogen producer, on the development of this
terminal. As a result, we will make significant investments and
deploy our energy infrastructure capabilities and expertise to
accelerate the energy transition in Hamburg as the key import gateway for
Germany", reaffirmed Volker Ebeling, Senior Vice President New
Energy, Chemicals & Gas at Mabanaft. The plant addresses the
urgent task of decarbonising components of the mobility sector and
industrial processes while in particular paving a climate-conscious
way for Mabanaft and Air Products' respective customers. "This
project underlines Mabanaft's commitment to conducting our business
in an economically, environmentally and socially responsible way,"
added Volker Ebeling.
Federal Minister for Economic Affairs and Climate Action 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."
Hamburg's Senator for Economic
Affairs Michael Westhagemann: "The development of an import
infrastructure for green hydrogen is of extraordinary importance.
This is the only way we can meet the enormous demand for green
hydrogen in the future. Hamburg,
with its port and its geographical and infrastructural location and
connections, is predestined for this. I am therefore very pleased
that Hamburg's strategy for the
import of green hydrogen is being further implemented today through
the planned construction of the first German import terminal in the
Port of Hamburg. Hamburg is thus developing into one of the
leading hydrogen distribution centres in Europe. For this very purpose, we now have
very strong partners from the business community at our side."
Jens Meier, CEO Hamburg Port
Authority said: "The Port of Hamburg is committed to protecting the
climate. After completing the first important milestone by signing
an MoU in February 2022 with Air
Products, we are happy that we take now the next important step
toward building a hydrogen value chain in co-operation with our
competent partners, Air Products and Mabanaft, the central element
of which will be the import of green ammonia for conversion to
green hydrogen. Hamburg will be
one of the first ports worldwide to offer clean hydrogen import
infrastructure. This import will drive the decarbonation for
several applications in the harbour, as well as applications in
shipping."
Today's announcement follows a Memorandum of Understanding that
Air Products and the Hamburg Port Authority signed in February 2022. Both parties committed to
accelerate production, supply chain, and consumption of renewable
hydrogen in the North of Germany
and Free Hanseatic State of Hamburg.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products' base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest industrial gas and
carbon-capture projects, supplying world-scale clean hydrogen for
global transportation, industrial markets, and the broader energy
transition. Additionally, Air Products is the world leader in the
supply of liquefied natural gas process technology and equipment,
and globally provides turbomachinery, membrane systems and
cryogenic containers.
The Company had fiscal 2022 sales of $12.7 billion from operations in over 50
countries and has a current market capitalization of over
$60 billion. More than 21,000
passionate, talented and committed employees from diverse
backgrounds are driven by Air Products' higher purpose to create
innovative solutions that benefit the environment, enhance
sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, Twitter, Facebook or Instagram.
About Mabanaft
The Mabanaft Group is a leading
independent and integrated energy company providing its customers
with innovative energy solutions for their transportation, heating,
industrial and agricultural needs. The group is active in import,
distribution and marketing of petroleum products, natural gas
liquids and chemicals, and supports its customers' transition to
cleaner fuels by providing alternative long-term solutions. Through
its storage subsidiary Oiltanking Deutschland, Mabanaft is one of
the largest independent operators of tank terminals for oils and
biofuels in Germany. Further
downstream, alongside its existing activities, Mabanaft has a
strategic focus on growing its marine, aviation and commercial road
transport business across Europe.
More information on the Internet at www.mabanaft.com or
follow us on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "forward-looking statements" within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on management's
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products