In December, Spanish President Sánchez and Macron announced that "BarMar" would be renamed "H2Med." The new name is intended to focus on the fact that mainly hydrogen will flow through the pipeline. It will be up to 476 km long. According to the French industrial magazine L'usine nouvelle, construction will begin in 2026.
From 2030, green hydrogen could then flow from the sunny regions of southern Spain via France to the energy-hungry industrial centers of Germany.
New sales opportunities for process technology
The VDMA points out that the new hydrogen pipeline will not only provide a source of raw materials, but also open up new sales opportunities for process technology.
In September, the association commissioned a study to evaluate the hydrogen economy from the perspective of plant manufacturers. The conclusion was that the market for hydrogen technologies offers "considerable business potential," with entire supply chains in the making.
Investments in hydrogen-capable plants and components could increase significantly. Sales opportunities arise from the possible sale of equipment along the entire hydrogen value chain: production, transport, storage, distribution and applications, for example in the mobility and energy sectors. The European market for electrolyzer equipment alone is expected to be worth €6-10 billion in 2030. The actual volume will depend on how costs develop and how many projects are implemented. The study is available online free of charge.
Against this background, it is a good signal for process technology if capacities for hydrogen imports to Germany are created. The more hydrogen is available, the greater the sales potential for suitable equipment is.
When the Élysée Treaty was signed in the coal and oil dominated 1960s, no one would have imagined that half a century later European industry would be relying on hydrogen as an energy carrier. But beware: Not a single cubic meter has yet arrived in Germany.
Author: Magnus Schwarz, Vulkan-Verlag GmbH