WaterstofNet signs a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners

Last Saterday, Dec. 9th  Prime Minsiter Alexander De Croo witnessed the signing of a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners to boost transatlantic cooperation on the green transition. The Center for Houston’s Future, Port Houston, the Port of Antwerp-Bruges, Exmar and the Blue Sky Maritime Coalition and WaterstofNet agreed to explore a win-win partnership around an import-export coalition for renewable and low-carbon molecules, a green shipping corridor and the exchange of best practices, knowledge and research.

The changing regulatory landscape and ambitious climate targets on both sides of the Atlantic provide the background for ambitious cooperation. The Greater Houston Area is home to some of the biggest energy producers in the world, and the increase in production of renewable and low carbon energy offers perspectives for future export. Belgium is a strategic energy hub in the heart of Europe, including for import and transit of renewable and low carbon molecules, with the Port of Antwerp-Bruges as a crucial gateway with extensive storage capacity, connectivity to European markets and huge off-take. Houston and Antwerp are the biggest petrochemical clusters in the world, many Belgian and US companies are present on both sides and the long-standing commercial maritime connection between both ports is a backbone for cooperation.

The signing of this Memorandum of Understanding is a first step in solidifying such a partnership between crucial stakeholders based in countries that are strategic allies. Other stakeholders on both sides are welcome and encouraged to join as partners start working on a roadmap for implementation.

Bert de Colvenaer, CEO WaterstofNet: “WaterstofNet is proud to stand alongside esteemed partners in both Belgium and Houston. We envision this collaboration as a testament to the power of international cooperation, where the Port of Antwerp-Bruges - amongst other ports in Belgium - plays a crucial role as a strategic energy hub. With the ever-changing regulatory landscape and ambitious climate targets, this partnership signifies our commitment to navigating the challenges ahead and creating a sustainable legacy. Together, we are not only meeting the demands of today but laying the foundation for a more resilient and interconnected tomorrow.”