HHLA Acquires Stake in H2Global Foundation

Source: www.gulfoilandgas.com 8/25/2021, Location: Europe

Hamburger Hafen und Logistik AG (HHLA) will be actively involved in the newly founded H2Global foundation to successfully implement their hydrogen technology projects. “We want to be a part of this foundation from the beginning to contribute our expertise, but also learn from the experience of others,” explained Angela Titzrath. The Chairwoman of HHLA's Executive Board was elected Deputy Chairwoman of the Foundation's Board of Trustees in an election held online. "I am delighted about the trust placed in me by the members of the Foundation."

HHLA is already working intensively on the possibilities offered by green hydrogen for achieving its climate targets. "With our activities, we want to contribute to the Port of Hamburg becoming a hub for hydrogen distribution," Titzrath explained.

Peter Altmaier, German Federal Minister for Economic Affairs and Energy, hailed the establishment of the foundation as a “genuinely historic project” and added, “Germany must lead the way globally with hydrogen technology if we want to achieve our sustainability targets.” A total of € 20 to 30 billion in funding is to be provided for the development of green hydrogen in Germany.

The H2Global foundation brings together numerous participants who want to contribute to the economic market launch of green hydrogen and its derivatives. The H2Global foundation is to implement a funding concept specially developed for this purpose.


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