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Australia: Leverkusen Chemistry Group: Covestro buys green hydrogen in Australia

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in his works in Asia, North America and Europe wants to use the Leverkusen chemical company Covestro in the future environmentally friendly produced hydrogen from Australia. Planned is a long-term delivery agreement with the Australian manufacturer Fortescue Future Industries (FFI), as the former Bayer subsidiary announced on Monday in Leverkusen. The companies had previously agreed on a non-binding declaration of intent, which should lead to a "more comprehensive strategic partnership". FFI belongs to the Australian mining company Fortescue Metals Group.

Covestro-Zentrale in Leverkusen © Ralf Warrior Covestro headquarters in Leverkusen 100,000 tonnes of hydrogen per year

The deliveries of FFI could amount to up to 100,000 tonnes of green hydrogen and hydrogen compounds such as ammonia per year. First deliveries should give it from the year 2024. For comparison: According to the industry association VCI, the German chemical industry requires a total of a million tonnes of hydrogen each year, it was 2020 in a position paper.

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The hydrogen produced mainly with solar streams should be transported with special vessels, said a Covestro speaker. The substances should first be used primarily as raw materials. Later, use as an energy source is planned.

Hydrogen from renewable energies

green hydrogen is made from renewable energy. His production does not cause any emissions, because the only by-product is steam. FFI has set itself the goal of increasing the production of green hydrogen by 2030 to 15 million tonnes per year. The following decade will then increase production to 50 million tonnes per year.

Covestro uses hydrogen and its derivatives as a starting material for the production of high performance plastics. In the context of a strategy for the circular economy, Covestro has undertaken according to its own information to fully focus on alternative, renewable raw materials and green streams. The partnership with FFI is an important milestone towards this goal.

900,000 tonnes less carbon dioxide per year

Covestro can reduce its greenhouse gas emissions by up to 900,000 tonnes of carbon dioxide per year with the agreement, emphasized the company. Covestro CEO Markus Steeper called the transition to the use of green hydrogen and its derivatives as a "key step" in an effort to offer more sustainable products. These could in turn reduce the CO2 balance of the customer industries.

About the possible financial volume of deliveries did not provide any information. Open also remained when the contract could be signed. (with dpa)

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