Glocal Green and Norwegian Hydrogen will collaborate on the development of green hydrogen in conjunction with bio-methanol production.

The two companies entered into a Letter of Intent two years ago and have now agreed to establish hydrogen production that will be connected to Glocal Green’s planned bio-methanol plant.

The concept will combine bio-waste and hydrogen, with the energy from the biomass, together with the energy from the added hydrogen, providing an “outstanding yield” to the input power, resulting in a green liquid hydrogen carrier at a competitive price.

The initial project is in Oyer, Norway, and will have an annual production of 150,000 tonnes of bio-e-methanol, which will involve local production of 15,000 tonnes of green hydrogen from electrolysis.

The hydrogen production will be organised into a separate, joint owned company.

Glocal Green’s CEO, Dag Nikolai Ryste, explained that the two-year study carried out by the companies has now resulted in a “clear win-win model between the parties.” He added, “This efficiency will benefit all other parties along this holistic value chain, and not least the market.”

Jens Berge, CEO of Norwegian Hydrogen, added, “By combining our resources and expertise, we can offer sustainable solutions that meet the increasing demand for green fuels.”

Beyond the initial project in Oyer, the two organisations will aim to develop similar projects in the Nordic region, before potentially expanding.

By: H2 View / June 18, 2024