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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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CF Industries warns LNG shortages could extend ammonia crunch into 2027

By 32 min ago 4 min read Global fertiliser producer CF Industries has warned that widespread ammonia plant shutdowns, liquefied natural gas (LNG) shortages and geopolitical disruptions could keep global…

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