Setting the Course for CCS and CCU in Germany
Germany’s new coalition government wants to enable CCS and CCU on an industrial scale opening up cross-sector business opportunities beyond heavy industry.
Germany’s new coalition government wants to enable CCS and CCU on an industrial scale opening up cross-sector business opportunities beyond heavy industry.
It is rare to see renewable energy associations and heavy industry players agreeing on matters of energy policy – however just this is currently happening regarding discussions to split the German electricity market into two or more separate “bidding zones”.
As the world moves towards a greener future, the chemical industry must continue to innovate and adapt, playing a crucial role in the global effort to combat climate change.
EU Renewable Energy Directive (RED III) mandates 42% green hydrogen use in the industry by 2030, rising to 60% by 2035 which will have significant impacts on industrial parks.
In July 2024, Germany’s Federal Network Agency (Bundesnetzagentur) published a key issues paper in which it further develops the regulations on grid fees for industrial customers. What might this mean for the industry?
Carbon Dioxide Capture and Storage is a technology and growing business sector. The German federal government has recently come out in favour of CCS as a “building block for a climate-neutral and competitive industry”.
For Heavy Industries Power Purchase Agreements (PPAs) are crucial for sustainable energy and – where needed – green hydrogen production, with tailored contracts addressing specific needs and regulatory frameworks.
Like many European economies, Germany is transitioning to a service economy.
Capital efficiency drives cost-effective investments in renewable energy. Joint ventures are becoming popular as they align interests and offer stable returns amidst rising decarbonisation efforts. However, they must navigate the challenges in return expectations, investments horizons and expertise to succeed.
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