Development of ‘Green Hydrogen’ Projects

Doral Hydrogen, a subsidiary of Doral, is engaged in the initiation and establishment of independent green hydrogen production complexes through its holdings in the Netherlands, Spain, the U.S., and Australia. Green hydrogen is produced by water electrolysis powered by electricity generated from renewable energy facilities.

Hydrogen is a fundamental element used a raw material in the production of fertilizers, chemicals, and as a means for electricity generation or fuel (mainly future-oriented) for various transportation vehicles. The use of green hydrogen is expected to help reduce carbon emissions across various sectors, improve air quality, enhance energy access in isolated and remote locations, and increase the reliability of the power grid. Hydrogen is classified into several types based on the raw materials needed for its production and the by-products of the production process: (1) “Gray Hydrogen” produced from fossil fuels with associated greenhouse gas emissions; (2) “Blue Hydrogen,” produced similarly to gray hydrogen but includes a process for capturing greenhouse gas emissions; and (3) “Green Hydrogen,” produced by electrolysis, where the electricity used to separate hydrogen atoms from water molecules is derived solely from renewable sources, and the production process does not involve the emission of greenhouse gases.

As part of its green hydrogen activities, Doral initiates the development of facilities with a total capacity of over 1GW across various continents for the refueling sector, different industrial plants, and as an available energy source for various petrochemical industries. Doral Hydrogen is also involved in the initiation and establishment of hydrogen refueling stations for heavy transport in Europe and Israel.

Some of the Company’s projects benefit from government grants and subsidies as part of the global effort to expand the use of green hydrogen as an alternative to polluting natural gas.