Hydrogen Central

Uría Menéndez and Clifford Chance advise on €400m the creation of a new P2X platform to develop primarily green hydrogen and ammonia projects

green hydrogen ammonia projects platform

Uría Menéndez and Clifford Chance advise on €400m the creation of a new P2X platform to develop primarily green hydrogen and ammonia projects.

Uría Menéndez and Clifford Chance have advised KKR and IGNIS, respectively, on the €400m agreement reached to launch a new Power-to-X (P2X) platform to develop primarily green hydrogen and ammonia projects for industrial applications in hard-to-abate sectors.

The new platform will manage traditional renewables, largely wind and solar, associated with hydrogen and ammonia projects. It will also produce green hydrogen, ammonia, e-methanol, e-fuels and SAF production plants to serve blue chip corporates in the refining, steel, chemical and agricultural sectors, and other industries that are seeking to decarbonise. P2X refers to technologies that convert energy, particularly renewable energy, into carbon-neutral synthetic fuels.

Uría Menéndez team has been formed by Manuel Echenique (partner, corporate and M&A, Madrid); Ignacio Álvarez Couso (partner, finance, Madrid); Guillermo del Río (managing associate, corporate and M&A, Madrid); Casilda Campuzano (associate, corporate and M&A, Madrid); and María Trinidad Cabrera (associate, finance, Madrid).

The Clifford Chance team was formed by partner Samir Azzouzi, counsel Javier Olábarri and senior associate Daniel García Juárez, all from the corporate / M&A department.

READ the latest news shaping the hydrogen market at Hydrogen Central

Uría Menéndez and Clifford Chance advise on €400m the creation of a new P2X platform to develop primarily green hydrogen and ammonia projects. source

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