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Germany’s Power-to-X Development Fund (PtX) has announced a call for proposals where applicants from selected countries benefit from a €270 million grant. The PtX Development Fund aims to provide non-reimbursable grants to industrial-scale projects at various stages along the green hydrogen value chain.
Germany’s Power-to-X Development Fund (PtX) has announced a call for proposals where applicants from selected countries benefit from a €270 million grant. The PtX Development Fund aims to provide non-reimbursable grants to industrial-scale projects at various stages along the green hydrogen value chain.
The grant aims to support developers in boosting hydrogen production in countries including Kenya, Morocco, and South Africa. The grant is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) and managed by KfW, a German state-owned investment and development.
It will target industrial-scale projects at various stages along the green hydrogen value chain including production, processing, storage, transportation, distribution, and application of green hydrogen. Green hydrogen derivatives include green ammonia used as a feedstock for fertiliser production or as an energy carrier and methanol can be synthesised for use as fuel or a solvent among other chemicals. Interested parties must submit their proposals before the March 1 deadline.
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https://trendsnafrica.com/inaugural-global-african-hydrogen-summit-2024-launched-at-cop28-dubai/
Green hydrogen is currently regarded as an eco-friendly alternative to oil. As the global shift towards more sustainable practices accelerates, there is a projected exponential increase in the demand for green hydrogen.
