Renewable hydrogen company Protium has partnered with Petrofac on engineering, procurement and construction for its green hydrogen projects in the UK, as it seeks to deliver 1 GW of production capacity by 2030.
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Protium aims for the first projects to begin operations by 2023 at different locations within the UK, the company told S&P Global Platts Sept. 23.
The projects include development of renewable energy assets, green hydrogen production facilities and downstream hydrogen equipment.
"With an expanding capex pipeline totaling more than GBP1 billion [$1.4 billion], Protium's work assists businesses to transform their decarbonization strategies to achieve net zero, specifically through the decarbonization of mobility, thermal and electrical demand," the company said in a statement.
The companies are pursuing several commercial renewable hydrogen projects in the UK, and jointly bidding for government-funded programs for technical and commercial demonstration projects.
The UK is targeting 5 GW of low-carbon hydrogen production by 2030, mostly sourced from fossil fuels with carbon capture and storage.
S&P Global Platts assessed the cost of producing renewable hydrogen via alkaline electrolysis in Europe at Eur8.60/kg ($10.09/kg) Sept. 22 (Netherlands, including capex). PEM electrolysis production was assessed at Eur10.38/kg, while blue hydrogen production by steam methane reforming (including carbon, CCS and capex) was Eur4.72/kg.