Friday 14 January 2022

Danish tech firm signs €45m deal for innovative green hydrogen research

Danish company Haldor Topsøe has signed a €45 million (£37.6m) funding deal with the European Investment Bank (EIB) for research into innovative green hydrogen technologies.

The investment will support the firm's ambition to develop new technologies and catalysts to help customers in the transition towards increased renewable energy use as well as the carbon neutrality of industrial operations.

Haldor Topsøe will focus specifically on research and development activities with the highest potential for reducing carbon emissions.

Some of the most promising environmentally-friendly technologies are intended for the production of greener chemicals and renewable fuels, such as green hydrogen, green ammonia, biofuels and electrified methanol.

Roeland Baan, CEO of Haldor Topsøe said: “Transitioning society towards clean energy solutions is vital in the battle against climate change. This funding will support our research into innovative hydrogen technologies that will ultimately enable our customers to produce low carbon products for society. We are thankful for the funding, which is a testimony to our strong co-operation with the EIB.”