GreenH2Atlantic obtains PIN status

GreenH2Atlantic, a project aimed at producing green hydrogen in Sines, in which Bondalti participates, obtained the status of a Potential National Interest (PIN) project, awarded by the Portuguese Investment and Foreign Trade Agency (AICEP).

According to the statement released by AICEP, this is “recognition of the strategic importance that the project has for Portugal”. Strategic investment and the attraction of investors and international partners, the creation of employment, the dynamization of the local and national economy, and the commitment to innovation and energy transition from renewable sources were factors that motivated the decision.

According to AICEP, “for the award of this status, all the entities consulted expressed their approval: the Portuguese Environment Agency, the General Directorate of Energy and Geology, the Institute for the Conservation of Nature, Tourism of Portugal and the City Council of Sines”.

The GreenH2Atlantic project plans to create 1147 direct and 2744 indirect jobs along the entire hydrogen value chain, with an expected investment of more than 150 million euros, of which 30 million come from funds allocated by the European Commission (Horizon 2020 program).