Published on 29 May 2024 on Zacks via Yahoo Finance

TotalEnergies (TTE) & Allies to Produce Green Hydrogen in Tunisia

TotalEnergies SE TTE and EREN Groupe’s joint venture TE H2, along with VERBUND, Austria’s leading electricity company, have signed a Memorandum of Understanding with Republic of Tunisia to develop a large green hydrogen project named H2 Notos for export to Central Europe through pipelines.Green hydrogen will be produced using electrolysers, powered by large onshore wind and solar projects, and supplied with desalinated sea water. The project aims to produce 200,000 tons of green hydrogen annually during its initial phase, with the potential to scale up production to one million tons per year in South Tunisia.The project will have access to the European market through the SoutH2 Corridor, a hydrogen pipeline project connecting North Africa to Italy, Austria- and Germany, which is expected to be commissioned around 2030.

Importance of Green Hydrogen

Green hydrogen is a clean source of fuel, that is produced by splitting water into hydrogen and oxygen using renewable electricity. This green hydrogen can assist different countries to meet their decarbonization goals. The countries of Europe are also dependent on green hydrogen imports to fulfill their energy transition aspirations.The green hydrogen production volumes in the European Union countries are expected to be much lower than demand. As a result, this new project of TotalEnergies and its partners can capitalize on the increasing demand for green hydrogen in the countries of Europe.