Spain Could Become Green-Ammonia Exporter With Hydrogen Project
- Iberdrola and Fertiberia want to decarbonize fertilizer
- Construction of 150 million-euro plant in Spain is under way
Photographer: Danny Gohlke/picture alliance via Getty Images
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Spanish power company Iberdrola SA and fertilizer maker Fertiberia SA have proposed a 1.8 billion-euro ($2.1 billion) plan to turn the country into an exporter of ammonia made exclusively with renewable energy.
The pair outlined their green-hydrogen partnership on Wednesday, aiming to decarbonize the production of the compound currently made at fossil-fuel powered chemical plants. Ammonia is a key component in fertilizers for agriculture. Terms of financing the seven-year project weren’t given.