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New coalition launches to enable first transatlantic shipment of clean hydrogen by 2026

17 October 2023

The newly formed Transatlantic Clean Hydrogen Trade Coalition (H2TC) is aiming to connect US fuel producers to heavy-industry consumers in Europe to help facilitate an inaugural shipment of clean hydrogen-based fuels by 2026, aiming to grow transatlantic trade to three million metric tons annually by the end of this decade.

H2TC will concentrate on supporting first movers in the US Gulf Coast and Northwestern Europe, with the goal of facilitating trade of more than three million metric tons per year of hydrogen in the form of ammonia and methanol through this corridor by 2030.

The coalition will engage both hydrogen suppliers to offtakers, as well as important market-making entities including major ports and associations in the United States and Europe. Coalition partners include the Center for Houston’s Future, the Port of Corpus Christi, and the Port of Rotterdam. The coalition is currently building membership, and its work has thus far been endorsed by over 20 companies central to the developing hydrogen economy including Ambient Fuels, Apex Clean Energy, Buckeye, BAES Infrastructure, Intersect Power, Linde, LyondellBasell, NextEra Energy, OCI, Shell, STX, Trafigura and Zhero.

H2TC aims to significantly contribute to the EU’s goal of importing 10 million metric tons per year of renewable hydrogen by 2030. The coalition will grant members access to in-depth analysis of regulatory and infrastructure requirements, supply and demand matching, and integration with capital markets. Members plan to collaborate closely with US and European governments to help them attain clean energy targets and inform regulatory frameworks to enable trade.

H2TC is made up of:

- The Mission Possible Partnership (MPP) – an alliance of companies and climate action organisations working to decarbonise seven hard-to-abate industrial and mobility sectors.

- RMI – an independent nonprofit that aims to transform global energy systems through market-driven solutions by working with businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions by at least 50 percent by 2030.

- Systemiq – a collaborative system designer that provides coalition building, specialist advisory services, leadership transformation, policy development, redesign of markets and value chains, capital mobilisation, on-the-ground action, and incubation of and investment in early-stage businesses.

- Power 2X – a group focused on projects for clean and green molecules such as green (and blue) hydrogen, ammonia, methanol, and biofuels. Power2X’s involvement in these projects ranges from investment and project ownership to external advisership.

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