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KfW approves €24bn loan for Germany hydrogen network

Gas
November 28, 2024

KfW Development Bank has approved a €24bn loan to support the construction of Germany’s national hydrogen core network.

The ambitious 9,040km link, which aims to be completed by 2032, will see existing natural gas pipelines repurposed and new hydrogen pipelines built.

Integrating potential hydrogen production sites and connecting key industrial centres will enable the industrial use of hydrogen as a climate-neutral energy source.

Stefan Wintels, CEO of KfW, said the construction of the network is a pioneering project and crucial for the ramp-up of hydrogen. The Federal Network Agency approved the core network of pipelines last month.

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Gas
February 4, 2025

All change at Air Products: The rise of Menezes

The appointment by Air Products of former Linde executive Eduardo Menezes as CEO marks a notable change of direction for the industrial gas major. Here’s more on Menezes and on…

Gas
February 4, 2025

Ghasemi leaves strong if complex financial legacy

Air Products’ EBITDA margin graph over the last decade is in many ways a metaphor for Seifi Ghasemi’s up-and-down career. If we leave to one side, and look at the…