The Westa Investments Group from Krakow is best known for its ongoing development projects. Now H2 Energy plans to enter the green hydrogen market on a large scale with its special vehicle. In the west of Poland, it wants to build an energy hub with a special terminal from which hydrogen is mainly to be supplied to the German market.
- H2 Energy already has more than 700 hectares of land directly on the border with Germany. Wind farms and photovoltaic parks are being built there to produce hydrogen emission-free. The investment concerns the production, storage and distribution of green hydrogen via a special terminal.
- As the investor assures, more than a dozen major entities from Europe and the Middle East have already expressed an interest in investing in the hydrogen project.
- H2 Energy’s plans provide for the transport of hydrogen via pipelines, tanks, barges and also by rail from Poland to Germany.
Westa Investments, a Krakow based company, is preparing its largest investment project to date. Through its subsidiary H2 Energy, Westa Investments is stepping up the production of green hydrogen.
H2 Energy has more than 700 ha of land in the municipality of Górzyca in the province. Lubuskie, through which the Yamal-Europe gas pipeline runs, as well as the railway No. 273, which is part of the trans-European transport network TEN-T.
– The production of green hydrogen from large-scale wind and solar parks is a powerful project with great business prospects. The location of the area, the climate policy of the European Union and the geopolitical situation, i.e. the pursuit of independence from imported gas, are strong impulses that indicate the business sense of this investment – says Jakub Styczeń, representative of the board of directors from H2 Energy.
As he emphasizes, it is no coincidence that H2 Energy has its land located less than 3 kilometers from the border with Germany. According to estimates by the German authorities, this will only be a maximum of 16 percent by 2030. the hydrogen consumed in the economy will come from local electrolysers. And that means that Germany is permanently dependent on the import of green hydrogen.
H2 Energy’s plans therefore provide for the transport of hydrogen via pipelines, tanks, inland vessels and also by rail. As part of the project, a large intermodal terminal is being built.
How much does the implementation of the whole project cost? This is exactly what the company does not make public. The representatives of Westa Investments, whose founders and main shareholders are Artur Paluch and his brother Piotr Paluch, only emphasize that this is a multi-billion dollar project with international potential.
Preparations and conversations
– The location of the planned investment and the intermodal terminal itself on the route of the main European transport corridors passing through Poland determine the attractiveness of the whole project. The total capacities assumed by us are in the order of a few gigawatts. And this means one of the largest projects of this type in Europe – emphasizes Jakub Styczeń.
Preparatory work on the investment is currently underway, as are discussions with private and public partners, including: from the Middle East and Western Europe.
Westa Investments is not widely known in the hydrogen industry. So far, the company has focused its activities on the Krakow real estate market.
Also read: Unia launches a hydrogen project worth 5.4 billion euros with the participation of a Polish company
Hydrogen in Polish
Another Polish company, Hynfra, also believes in hydrogen as a fuel for the future, as it aims to popularize technologies for the production and use of green hydrogen and ammonia with recipients from the energy, heating, industrial and transport markets.
– Green hydrogen is the only escape from rising energy costs and CO2 allowance prices – says Tomoho Umeda, founder and chairman of Hynfra.
The company currently has 10 green ammonia projects in its portfolio in various stages of development, including: in Portugal, Oman and Poland. The total CAPEX, ie the necessary investment expenditure for its implementation, is estimated at EUR 18 billion.
Hynfra wants to make the industry not only low-carbon with green hydrogen, but also with green ammonia. The company recently signed an agreement with Ameropa, a global company based in Switzerland, engaged in the production and trade of fertilizers, related to renewable green ammonia and methanol.
– This is the first such agreement in the history of the renewable energy market. No one has previously announced this magnitude of green ammonia offtake contracts – says WNP.PL Tomoho Umeda, co-founder and president of Hynfra.
Read more: Polish method of green ammonia is added to Swiss fertilizers. historical agreement