PX Group’s Saltend Chemicals Park in Hull, UK has been selected as the site for the build of a green hydrogen facility being developed by Meld Energy. The move represents an investment of between £180m and £240m by the green hydrogen industrial developer. Meld Energy is an international hydrogen development company and is working with the global energy management company, World Fuel Services Corporation, to develop green hydrogen supply chains.
World Kinect Sustainability Ventures, a subsidiary of the publicly listed US Fortune 500 company, acquired a 50% stake in Meld in late 2022. Meld is currently bidding for development support from the UK’s Net Zero Hydrogen Fund. Should the bid win government backing, FEED (Front End Engineering Design) is expected to begin in November 2023 and would run concurrently with planning application processes. Building would commence less than a year later with a target operation in early 2027. The facility would have an initial installed capacity of 100MW and the potential to increase its capacity to over 200MW in a second development stage. Meld would utilise PPAs (Power Purchase Agreements) with renewable energy suppliers. The hydrogen produced by Meld would be used to provide energy on-site at Saltend, helping to switch over from more carbon-intensive fuels and chemical feedstock to emissions-free green hydrogen. The Humber is the UK’s most carbon-intensive region.
Credits: renews.biz [Image: Meld Energy]