Shareholders of the German company, Hanseatic Energy Hub, have given the green light to build Germany’s first land-based terminal for liquefied gases.
Builders Técnicas Reunidas, FCC, and Enka, will build the Euro 1 billion (AUD$1.64 billion) hub at Stade Industrial Park, near the Elbe River and about 30km west-by-north of the Hamburg, in northern Germany.
Initially, the hub will serve as an import terminal for liquefied natural gas, synthetic natural gas, liquefied bio-methane, and ammonia.
Once the hub enters into service, the Floating Storage and Regasification Unit, “Energos Force”, which is chartered by the German Federal Government, will set sail from Stade. The floating LNG terminal will continue to secure gas supply in the short term until the more efficient land-based terminal is completed.
The Hub will have a capacity of 13.3 billion cubic metres of natural gas per year and 90% the volume has been booked long-term by three European major energy companies. The terminal has been certified by permitting bodies as being ammonia-ready and it long-term contracts include the ability to switch to hydrogen-based energy carriers later.
Julia S. Schlenz, Chairwoman of the Executive Board and President Dow Germany, commented: “The land-based LNG terminal will be a crucial building block in the transition to a net-zero future in Germany and Europe. Thanks to the good local framework conditions and decisive political action, the zero-emission terminal will diversify the energy supply and help secure it in the long term. It offers unique synergy effects between the chemical, logistics and energy industries and acts as an efficient industrial and energy hub around the Stade Industrial Park. It is these bridging technologies that we as an industry in Germany need in order to help shape the transformation in the long term.”
