FertigHy, a new player in low-carbon fertiliser production, launched to accelerate decarbonisation of food value chain
Summary
Consortium of founding investors includes EIT InnoEnergy, RIC Energy, MAIRE, Siemens Financial Services, InVivo and HEINEKEN. First plant to be built in Spain, producing one million metric tonnes of nitrogenbased fertilisers per year, construction planned to start in 2025.FertigHy, a company founded by EIT InnoEnergy, RIC Energy, MAIRE, Siemens Financial Services, InVivo and HEINEKEN, launches today to pioneer the low-carbon transition of the European fertiliser industry. FertigHy aims to produce affordable and low-carbon fertilisers for European farmers, answering directly to the recent challenges of the EU and global food security due to supply chain disruption and global uncertainties in natural gas supply.FertigHy, which plans to build and operate several large-scale low-carbon fertiliser projects, will build, own and operate its first plant in Spain and replicate it in other European countries. The plant will produce more than one million metric tonnes per year of low-carbon nitrogen-based fertilisers from 100% renewable electricity and green hydrogen, with construction planned to start in 2025. Jos\xe9 Antonio de las Heras will be leading FertigHy and brings more than 25 years of c-level executive and non-executive corporate and venturing experience, many of them in the fields of green hydrogen, renewables and natural gas.The agriculture sector alone is responsible for 13% of the EUs total greenhouse gas emissions*, and European farmers are applying over 11 million tonnes of nitrogen fertilisers each year (on nutrient basis).