Leading sustainable and renewable energy company, ACME Group has joined forces with Germany-based Hydrogenious LOHC Technologies to explore the joint development of large-scale hydrogen supply chains from ACME's projects in Oman to supply hubs in Europe.
As per the Memorandum of Understanding signed between ACME and Hydrogenious LOHC, the partners will undertake a joint feasibility study to explore the hydrogen value chains using Hydrogenious' pioneering Liquid Organic Hydrogen Carrier (LOHC) technologies.
"Green Hydrogen is emerging as a real opportunity that can transform the global energy systems and meet the decarbonization goals of industry and governments," said Ashwani Dudeja, Group President and Director for ACME Group.
"While some will continue to challenge the economic and technical feasibility, we have taken conclusive decisions on our Oman project, and partnering with Hydrogenious to develop efficient logistics using LOHC is the next step in delivering cost-effective value proposition for our customers."
Both parties, further intend to extend the partnership to evaluate the hydrogen value chain from the USA to Europe.
The green hydrogen produced by ACME in its projects in Oman and the US is expected to benefit from Hydrogenious LOHC's technology, wherein hydrogen can be stored in LOHC and transported by tankers to Europe to supply and decarbonize industrial off-takers and used in energy and mobility applications.
Hydrogenious claims its LOHC technology is fitting for large-scale hydrogen imports via maritime supply chains enabling viable and cost-effective import vectors to Europe. Its technology safely binds hydrogen to the thermal oil benzyltoluene (LOHC-BT) in a chemical process. It enables safe storage and transportation of volatile green molecules at ambient pressure and temperature using the existing liquid fuel infrastructure.
"Our collaboration will contribute to making clean hydrogen from the MENA region and the US available to European off-takers in the mid to long term," said Toralf Pohl, Chief Commercial Officer at Hydrogenious LOHC Technologies.
"Due to its inherent safety, LOHC-BT is particularly suited for handling hydrogen in ports and urban environments, as it is hardly flammable, very stable, and has a competitive volumetric storage density, enabling large-scale, long-distance hydrogen value chains without hydrogen losses."
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