Proposed "green energy" shipping corridor to link India with Northwestern Europe
The Port of Rotterdam Authority and India-based energy company AM Green have entered into a memorandum of understanding (MOU) on the establishment of a "green energy" supply chain between India and Northwestern Europe via Rotterdam.
The scheme will include the supply of bunkering fuels and "sustainable aviation fuels" and analysing requirements for the development of terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe.
The partnership will also jointly support the development of strategic port infrastructure for safe distribution of hydrogen-based fuels and products, and link India’s "net zero" industrial clusters to Europe, enabling exports of up to 1,000,000 tons annually.
The Port of Rotterdam Authority said the envisaged supply chain can enable trade of "green fuels" worth up to US$1 billion between the two economies.
"This agreement marks an important step towards establishing a robust supply chain for low-carbon fuels and chemicals," said Boudewijn Siemons, CEO of the Port of Rotterdam Authority.
"With India's vast potential for green hydrogen production, combined with Rotterdam's strategic location and advanced infrastructure, the collaboration will lead to a robust and sustainable 'green energy' supply chain between the two regions."
Anil Chalamalasetty, Founder of AM Green, said the supply chain, "will enable the seamless movement of 'green molecules and fuels' from India to Europe, reinforcing AM Green’s position as a global clean energy transition platform and accelerating industrial decarbonisation globally."