RWE, a German multinational energy company, has announced its plan to develop a large-scale green hydrogen plant in Scotland's industrial hub of Grangemouth.

With an initial capacity of 200 megawatts of electricity (MWe), the plant could potentially produce 3.6 metric tons/hour of hydrogen when it comes online by 2029. RWE aims to expand the capacity to 600MWe in the future.

The first customer for the green hydrogen produced will be INEOS Grangemouth.

RWE will assist the chemical company in reducing greenhouse gas emissions and supporting its Net Zero 2045 target. The plant will be strategically located within the Grangemouth industrial complex, adjacent to the INEOS facility.

The energy producer has already completed crucial preparatory work, including concept, feasibility, and pre-Front-End Engineering Design (FEED) studies. A gridconnection is secured, and the company is currently shortlisting electrolyzersuppliers.

RWE is working on a planning application for the site, involving local community consultation.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Cuckoo James,; Editing by Rob Sheridan,

(END) Dow Jones Newswires

05-15-24 1404ET