In December 2024, we have signed a tailor-made agreement with the Dutch government to accelerate our carbon reduction efforts to almost zero carbon emissions by 2030, a decade ahead of our original target. This tailor-made agreement between Nobian and the Dutch government sets a precedent for accelerated sustainability in the industry. By achieving near zero carbon emissions by 2030, we demonstrate our commitment to environmental stewardship and innovation, paving the way for a greener future.
The agreement consists of a number of impactful projects in the Netherlands that will enable this acceleration.
The tailor-made agreement represents a total investment of EUR 645 million, with EUR 185 million in subsidies from the Dutch government. We are collaborating with the provinces of Groningen, Overijssel, and South Holland, highlighting the strategic importance of this project for both Nobian and the Netherlands.
Our commitment is to deliver the first project by 2027, with all projects completed by 2030. We will also continue to collaborate with the Dutch government on developing underground energy storage in salt caverns, supporting the energy transition and the hydrogen backbone.