ACME Group and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) to collaborate on a feasibility study to explore the joint development of large-scale hydrogen supply chains from ACME’s projects in Oman to supply hubs in Europe using the innovative LOHC technology.
Both ACME Group, one of the world’s leading sustainable and renewable energy companies, and German pioneer in Liquid Organic Hydrogen Carriers (LOHC), Hydrogenious LOHC Technologies, intend to extend the partnership to evaluate the hydrogen value chain from the USA to Europe.
According to the statement, “Oman benefits from abundant renewable energy resources such as solar and onshore wind while the US Inflation Reduction Act offers production incentives leading to competitive hydrogen production cost.”
The green hydrogen produced by ACME in these projects can be stored in LOHC and transported by tanker to Europe to supply and decarbonize industrial offtakers, energy, and mobility.
Ashwani Dudeja, Group President and Director for ACME Group, said that, “Green Hydrogen is emerging as a real opportunity that can transform the global energy systems and meet the decarbonization goals of industry and governments. 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 a cost-effective value proposition for our customers.”
Toralf Pohl, Chief Commercial Officer at Hydrogenious LOHC Technologies, stated that, “As companies, ACME and Hydrogenious are at the forefront of the energy transition and share the common goal of driving global decarbonization. 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.”
“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,” Pohl added.
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