BAKU, Azerbaijan, March 13
By Leman Zeynalova - Trend:
Between now and 2022, Germany’s Uniper will invest more than €1.2 billion in projects that accelerate the transition to a lower-carbon energy world, Trend reports citing the company.
“Moreover, new investment criteria stipulate that all future investment projects must not only make business sense but also contribute to the achievement of the company’s decarbonization targets,” said the company.
Uniper said it plans to gradually replace conventional gas with green gas or green hydrogen in both energy generation and energy trading.
Uniper is a pacesetter in the use of power-to-gas technology to produce green hydrogen and initiated such projects early. The company installed its first power-to-gas unit in Falkenhagen back in 2013, followed by another in 2015 in Hamburg. The company supplemented Falkenhagen with methanization equipment in 2018.
“Because gas plays a pivotal role in decarbonization as well as energy security, it will be a key focus of Uniper’s future strategy. Uniper plans to further expand its broadly diversified gas business and progressively decarbonize it as well. The company is forging ahead with the conversion to gas-based systems both at its own facilities and its customers’, for example in Gelsenkirchen-Scholven,” said the company.
With Europe’s gas production declining while demand rises, the need for imports will increase, said Uniper.
“As one of Europe’s largest gas importers and operators of gas storage facilities, going forward Uniper will continue to help secure Europe’s energy supply with gas and LNG. Uniper is engaged in both pipeline gas (as with the Nord Stream 2 project) and the expansion of LNG infrastructure (as in Wilhelmshaven).”
Uniper is a leading international energy company with operations in more than 40 countries and around 11,500 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.
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