LONDON (ICIS)--A consortium of international companies on Tuesday teamed up for a joint initiative and mutual cooperation on the production and import of green hydrogen and green ammonia into Europe via Rotterdam and exports from selected worldwide locations.
The memorandum of understanding (MoU) was signed by Dutch engineering and development company Proton Ventures BV, a Dubai-based subsidiary of global commodities trader Trammo Inc, and VARO, a European energy enterprise.
Known as the “Transhydrogen Alliance”, the group intends to launch its collaboration with an initial project for the production of green hydrogen produced from solar and wind rich areas and the import of such hydrogen in the form of green ammonia into Europe.
The initial project is expected to be completed by 2024.
“Following success of the initial project, Transhydrogen Alliance targets the import via the Port of Rotterdam up to 500,000 tonnes/year of green hydrogen, equivalent to up to 2.5m tonnes/year of green ammonia,” the trio noted in a press release.
“Transhydrogen Alliance offers a fully integrated team in the green hydrogen and green ammonia supply chain with knowledge and experience in technology, logistics and sales.
“Pricing is expected to be competitive compared to that of other supply chains for hydrogen production based on renewable energy.”
Hans Vrijenhoef, CEO of Proton Ventures, said his company’s engineers have been working on its state-of-the-art technology for more than a decade.
“In combination with renewable energy cost reductions our vision is becoming reality,” he said.
Christophe Savi, head of Trammo’s ammonia division, added: “Trammo is proud to participate in the project and to help advance the transition of the global ammonia supply chain as well as the distribution of green energy carriers such as hydrogen.
“We are excited to work with a stimulating and engaging group of partners who seek to progress rapidly in achieving our shared goal of producing and providing to the industry a safe, clean and economically sustainable product.”
“The solution developed in collaboration with our partners is a great example of how existing technologies can be used to find innovative ways to address the future through new sustainable solutions,” commented VARO’s head of renewables, Theo Pannekeet.