Portuguese project developer Madoqua Renewables, Danish fund manager Copenhagen Infrastructure Partners (CIP) and Dutch firm Power2X announced plans to invest 1 billion euros ($1.09 billion) in a green hydrogen plant in Portugal. The hydrogen produced is expected to be used by local industry, but also transported by a pipeline currently being developed, injected into the existing natural gas network or processed to create green ammonia for export from the port of Sines, the partners said in a statement.
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