The PHYRENE project
PHYRENE is a European project of the Interreg POCTEFA programme that aims to ‘Develop the cross-border hydrogen value chain in the Pyrenees’.
Its priority is to create a common area of knowledge, digital transformation and sustainable growth in the Pyrenees region, and to develop and improve capacities for research, innovation and the adoption of the most advanced technologies.
The purpose of POCTEFA is to strengthen the economic and social integration of the Spain-France-Andorra border area. Its focus is on the development of economic, social and environmental activities at cross-border level through joint strategies in favour of sustainable territorial development.
The PHYRENE project aims to develop the renewable hydrogen value chain on a cross-border scale and to achieve this, it identifies companies, universities and institutions linked to the energy transition in the Pyrenees territory, favouring business and research synergies between them.
The versatility of hydrogen as an energy vector and its potential application in sectors such as industry, transport, electricity or construction has generated interest in many territories, illustrating a field of opportunities in the economic, social and environmental fields, and within the framework of Pyrenean inter-regional cooperation. The deployment of the planned actions will serve to position the Pyrenees as a European reference in this sector.
The results of PHYRENE will enable the strategic and operational bases to be laid for the development of a renewable hydrogen economy and to improve the productive fabric and the innovation and research ecosystem. Joining public administrations and organisations, with the private sector will ultimately benefit civil society in general.
The PHYRENE project will run from January 1st, 2024, to December 31st, 2026.
A consortium, led by the Working Community of the Pyrenees (CTP) and formed by the Basque Energy Agency (EVE), the Government of Navarre, the Aragon Hydrogen Foundation, the Agency for the Companies’ Competitiveness (ACCIÓ), the Regional Council of Occitanie, the Regional Council of New Aquitaine and Andorra Business
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Andorra is a perfect place to develop and test all our innovations, to carry out comprehensive country pilots tests and to generate business alliances. The sports environment is impressive, especially because a large number of athletes live there and the country prioritizes the sector.
We decided to open the clinic in Andorra because many of the Moto GP and Superbike riders that we advise live here, such as Fabio Quartararo and Pol Espargaró. Also because there are quite a few elite athletes living in the country. Andorra Business helped us for the launching of the business by providing us information on how to set up the company in the Principality.
Having a business in Andorra does not only mean having tax benefits. It is also easier on a bureaucratic level and to project yourself internationally. Andorra Business helped me in precisely this process, making my products known outside the Principality.
We have chosen to establish our company in Andorra due to its privileged natural characteristics that make it an emblematic country, its security, the moderate tax pressure it offers, and our belief in its strong potential to become a European healthcare hub.
We came to Andorra because we love mountains, because Spain and France were nearby, and especially because of the exceptional security framework that the Principality offers. We are very happy to continue with the support of Andorra Business, since thanks to them we have been able to establish many commercial links with international companies.
Andorra has a variety of advantages we took into account when we decided to establish the company in the country such as security, legislation and political stability. And after having done so, I was surprised by how much people love living in Andorra. It provides a very high quality of life.
We chose to come to Andorra afer the Covid pandemic noting the possibility to set up an audiovisual production and dubbing studio in the country, enabling us to working internationally. In addition, living in Andorra is wonderful for our children because of the environment and the great safety.
The decision to create a company in Andorra came not only because of the tax facilities, but above all because of the high quality of life and the presence of talented young people. NP Technology wants to grow in the world, expanding its presence in other countries, and Andorra Business has played a key role helping us in our internationalization process.
Andorra is an ideal place to work and establish a company. It is a charming and family-friendly country, with spectacular natural surroundings and great tranquility, where many business opportunities arise and where, moreover, it is very easy to solve all the problems that arise.
The Principality’s highly competitive tax framework allow us to offer attractive prices to our clients. Additionally, the Government of Andorra prioritizes the development of the biotechnology sector, to which we contribute as the first company of this type in the country.
Andorra is one of the best places in the world to set up the design, marketing, conception and engineering part of a company. Andorra Business helps us to internationalize our company with its connections/contacts to enter markets where it is more complicated to settle.