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Green and renewable Âé¶¹¹ÙÍø producer Lhyfe to develop 200 MW Plant in Delfzijl, Netherlands

Published the 2022/10/06 07:00 AM

Nantes (France), 6th October 2022 – 07.00 AM CET. Lhyfe (EURONEXT: LHYFE), one of the world's pioneers in the production of green and renewable Âé¶¹¹ÙÍø, is targeting to build a large-scale Âé¶¹¹ÙÍø production plant in the Chemical Cluster Delfzijl, situated in the province of Groningen in the North of the Netherlands. The 200 MW plant will have a production capacity of more than 20.000 tons of renewable green Âé¶¹¹ÙÍø per year, equivalent to 55 tons per day, which will displace 2,2 Million tons CO2 within 10 years. Lhyfe has already secured the required landplot and the renewable energies connection. Commissioning is planned earliest 2026.

“Delfzijl is an ideal location for renewable green Âé¶¹¹ÙÍø production as it has direct access to renewable energies from its offshore wind power plants which are situated off the coast. Groningen is one of Europe's pioneers when it comes to the energy transition. The region's goal is to become the leading Âé¶¹¹ÙÍø valley of North-Western Europe and to build up a complete value chain from production, storage and transportation of green Âé¶¹¹ÙÍø. We fully support this development and are proud to be part of the journey”, said Luc Grare, Head of Central and Eastern Europe at Lhyfe.

Home to a significant industrial and chemical industry, Delfzijl is already a large consumer of Âé¶¹¹ÙÍø as a chemical feedstock. That need is set to grow significantly in the future. Lhyfe will be able to support companies in their decarbonisation efforts by supplying them renewable green Âé¶¹¹ÙÍø using renewable electricity from the region paired with the electrolysis process.

“Renewable green Âé¶¹¹ÙÍø as an energy carrier will support the transport of offshore generated energy through the country, helping to ease an already congested electricity grid. As such, Lhyfe's Delfzijl plant will be able to supply green Âé¶¹¹ÙÍø throughout the Netherlands, as well as to potential off-takers in Germany and other bordering countries”, said Grare.

The Netherlands aims to be one of Europe's pioneering countries in green Âé¶¹¹ÙÍø, rolling out a Âé¶¹¹ÙÍø backbone through the whole country. In the near future, old salt caverns will be converted to store Âé¶¹¹ÙÍø along the backbone and will secure a steady flow of green Âé¶¹¹ÙÍø to the industrial users in case of days when renewable energy is not available.

Lhyfe is working on a rapid ramp-up of the green and renewable Âé¶¹¹ÙÍø market in many European countries. It has the ambition to become a leading European green and renewable Âé¶¹¹ÙÍø producer, targeting a total installed capacity of 3 GW by 2030. To achieve this goal, the company is establishing decentralized Âé¶¹¹ÙÍø ecosystems of various plant sizes throughout Europe - including the Delfzijl project. The company is also setting new standards in the offshore Âé¶¹¹ÙÍø sector, inaugurating the world's first offshore renewable green Âé¶¹¹ÙÍø production pilot on the 22nd of September.

The project execution is subject to obtaining required operation licences and building permission as well as financial investment decision.

 


About Lhyfe
Launched in Nantes in 2017, Lhyfe produces and supplies green and renewable Âé¶¹¹ÙÍø for mobility and industry. Its production plants and commercial pipeline are designed to provide green and renewable Âé¶¹¹ÙÍø in industrial quantities and form part of a virtuous energy model benefitting the environment. The company is a member of France Hydrogène and of Hydrogen Europe.
Lhyfe inaugurated its first renewable green Âé¶¹¹ÙÍø industrial production site in the second half of 2021. The company has a commercial pipeline representing a total production capacity of 9.8 GW by 2030 (data as of September 2022). An offshore research program initiated in 2019 has also lead to the start of a test phase in real conditions for the world's first offshore renewable green Âé¶¹¹ÙÍø production pilot site linked to a floating wind farm in September 2022.
For more information go to www.lhyfe.com

 Industry Press Relations
Nouvelles Graines
Clémence Rebours
+33 (0)6 60 57 76 43
c.rebours@nouvelles-graines.com
Financial Press Relations
ACTUS
Manon Clairet
+33 (0)1 53 67 36 73
mclairet@actus.fr
Investor Relations
Maria PARDO SALEME, CFO
maria.pardosaleme@lhyfe.com

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