100 million for energy independence – hydrogen project in Hallein
VERBUND and AustroCel Hallein GmbH are launching a major project in Hallein: “Green” hydrogen will be produced there using renewable electricity and directly combined with a biogenic byproduct of Hallein’s production – biogenic CO2 – to create climate-neutral e-methanol – a liquid energy carrier intended to help industry and transportation reduce their CO2 emissions . The electrolysis plant has a capacity of 20 megawatts, is being funded with €100 million, and is expected to increase domestic hydrogen production by approximately 60 percent by 2030 at the latest.
New information includes details about the project:
- The plan is to build an electrolysis plant with a capacity of 20 MW for the production of approximately 2,600 tons of hydrogen per year. The hydrogen produced will be completely processed into green methanol.
- In addition to creating new qualified jobs locally, the project promotes the decarbonization of domestic industry by saving up to 20,000 tons of CO2 emissions annually , which corresponds to the emissions of around 11,000 cars per year.
as well as information on the amount of funding:
- 100 million euros
- For comparison: Across the EU , the second auction of the European Hydrogen Bank distributed a total of almost €1 billion (around €992 million) to 15 projects. Of these, only six projects have been finalized, with a funding volume of around €270 million .
- During the same period, Austria is supporting the national hydrogen ramp-up with a total of around 275 million euros for four projects, which is on the order of about one third of the EU auction volume.
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100 million for energy independence – hydrogen project in Hallein, source
