Iceland Power Company and H2V collaborate on green hydrogen and methanol projects

Sinochem News, according to World Natural Gas News on August 9, the Icelandic power company HS Orka and the UK-based joint venture Hydrogen Ventures Limited (H2V) revealed plans to develop a green methanol production plant that uses green hydrogen for the ocean The department provides impetus
.

The two parties also intend to use this clean fuel to power domestic and commercial vehicles such as cars, trucks and trucks
.

The two parties also intend to use this clean fuel to power household and commercial vehicles such as cars, vans and trucks
.

As explained, the new project using hydrogen fuel for transportation will help Iceland achieve its ambitious goal of achieving carbon neutrality by 2040
.

H2V CEO Horacio Carvalho commented: “Iceland has set ambitious goals for reducing carbon emissions, and we believe that the use of hydrogen energy is the key to achieving this goal
.

Tómas Már Sigurðsson, CEO of HS Orka, said: "We are very excited about the cooperation with H2V.
.
.
In addition to electricity, HS Orka will be able to provide them with fresh water and natural carbon dioxide, which is essential for methanol production
.

Specifically, the HS Orka/H2V project will focus on using geothermal energy to produce green hydrogen, which will then be used in the production of synthetic fuels
.

　　The project will consist of two stages, with an initial input power of 30MW, followed by a larger second stage for the production of green hydrogen

　　The total cost of the first phase is estimated at 100 million euros