MadoquaPower2X (MP2X), a Portuguese, Danish and Dutch international consortium led by Madoqua Renewables, announces the signing of multiple 20-year land lease agreements for 60 hectares of industrial land for the Green Hydrogen and Ammonia production units in the Sines industrial zone.
MP2X will continue to promote the circular value chain, lower CO2 emissions, reduce dependence on fossil fuels, namely by reducing imports of natural gas, significantly boosting compliance with the national and European objectives set out in the national (PNEC 2030) and European (REPowerEU) strategies for decarbonization and in the national strategy for Hydrogen (EN-H2). The production of these green energy carriers, an activity classified as "sustainable" according to the latest European Union taxonomy, will generate sustainable economic growth and territorial cohesion for Portugal.
The consolidated strategic investment envisions the creation of 265 highly qualified permanent jobs and 6,000 indirect jobs established through local partnerships and with academia from 2025 onwards.
The ambition of the project is based on an eight-year strategic plan, the first phase of the project alone already corresponds to 20% of the Portuguese targets in the context of European green hydrogen production. MP2X is essential to contribute to the European autonomy in terms of energy and food (fertiliser) value chains through the consumption and production of hydrogen and commercialisation of Green Ammonia".
Phase 1 will use 560 MVA of capacity to annually produce 50,000 tons of hydrogen and 300,000 tons of green ammonia using renewable electricity. Including Phase 2 development, the project will use an electrical connection of 1400 MVA to produce a total of 150,000 tons of hydrogen and more than 1 million tons of green ammonia annually.
MP2X is and will continue to be a truly European direct driver of other national investments in the hydrogen production value chain in Sines, with technical and commercial partnerships to buy hydrogen produced by third parties. MP2X provides for the construction and operation of self-consumption solar and wind farms that will produce the renewable energy dedicated to the industrial unit in Sines, to be implemented in inland, deconcentrated, and dispersed areas of the Portuguese territory. Thus, this project will also contribute towards greater territorial balance and cohesion.
MP2X will continue to promote the circular value chain, lower CO2 emissions, reduce dependence on fossil fuels, namely by reducing imports of natural gas, significantly boosting compliance with the national and European objectives set out in the national (PNEC 2030) and European (REPowerEU) strategies for decarbonization and in the national strategy for Hydrogen (EN-H2). The production of these green energy carriers, an activity classified as "sustainable" according to the latest European Union taxonomy, will generate sustainable economic growth and territorial cohesion for Portugal.
The consolidated strategic investment envisions the creation of 265 highly qualified permanent jobs and 6,000 indirect jobs established through local partnerships and with academia from 2025 onwards.
The ambition of the project is based on an eight-year strategic plan, the first phase of the project alone already corresponds to 20% of the Portuguese targets in the context of European green hydrogen production. MP2X is essential to contribute to the European autonomy in terms of energy and food (fertiliser) value chains through the consumption and production of hydrogen and commercialisation of Green Ammonia".
Phase 1 will use 560 MVA of capacity to annually produce 50,000 tons of hydrogen and 300,000 tons of green ammonia using renewable electricity. Including Phase 2 development, the project will use an electrical connection of 1400 MVA to produce a total of 150,000 tons of hydrogen and more than 1 million tons of green ammonia annually.
MP2X is and will continue to be a truly European direct driver of other national investments in the hydrogen production value chain in Sines, with technical and commercial partnerships to buy hydrogen produced by third parties. MP2X provides for the construction and operation of self-consumption solar and wind farms that will produce the renewable energy dedicated to the industrial unit in Sines, to be implemented in inland, deconcentrated, and dispersed areas of the Portuguese territory. Thus, this project will also contribute towards greater territorial balance and cohesion.
