Net Zero Emissions Vattenfall, Preem Aim to Decarbonize Industries with Offshore Wind, Hydrogen
Vattenfall and Preem are currently exploring the idea to speed up the development of a value chain which connects offshore wind and hydrogen with the refining industry in order to decarbonize its operations.
Stockholm/Sweden – Vattenfall and Preem will now enter into a feasibility phase to assess the possibility of accelerating the development of a value chain connecting offshore wind and hydrogen with the refining industry on the Swedish west coast to swiftly transform to fossil-free fuels, starting latest 2030.
Vattenfall sees a huge potential to decarbonize industries like refining, petrochemicals, steel, and fertilizers by using fossil-free electricity and hydrogen. Preem and Vattenfall believe that in order to strengthening Sweden's position as a frontrunner in the emerging markets of fossil-free fuels and materials, new partnerships between fossil-free energy suppliers and decarbonizing industries and innovative cooperations are needed.
On the Swedish west coast there is a highly specialized refinery and petrochemicals industry, great potential for offshore wind power and a strong desire to transform throughout the region. With the recently announced plans by Swedish TSO (Svenska Kraftnät) to expand the transmission network to areas, like the Swedish west coast, within Sweden's maritime territory, an important framework is set to realize such ambitions.
"The society's need for renewable fuels is increasing at high speed but the supply of necessary fossil-free hydrogen is still scarce. A new infrastructure for hydrogen from offshore wind could swiftly increase supply and speed up our transition towards a climate neutral value chain and enable production of 5 million cubic meters renewable fuels and e-fuels no later than in 2035. This can only be achieved if we work together and partner up", says Magnus Heimburg, Preem CEO.