Collaboration for Green Hydrogen Supply Chains: Acme & Hydrogenious LOHC Technologies

Green Energy Acme and Hydrogenious to Explore Hydrogen Value Chains from Oman to Europe

2024-04-08 Source: Hydrogenious LOHC 1 min Reading Time

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With the aim of jointly exploring the development of large-scale hydrogen supply chains, Acme and Hydrogenious LOHC Technologies have inked a Memorandum of Understanding that aims to leverage Oman's renewable resources.

Rendering of a LOHC storage plant by Hydrogenious LOHC Technologies(Source: Hydrogenious LOHC) — Rendering of a LOHC storage plant by Hydrogenious LOHC Technologies
(Source: Hydrogenious LOHC)

The renewable energy company Acme and German pioneer in Liquid Organic Hydrogen Carriers, 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 projects in Oman to supply hubs in Europe using the innovative LOHC technology. Both parties intend to extend the partnership to evaluate the hydrogen value chain from USA to Europe.

Oman benefits from abundant renewable energy resources such as solar and onshore wind while 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.

Hydrogenious' LOHC technology is suited for large-scale hydrogen imports via maritime supply chains, enabling viable and cost-effective import vectors to Europe. By safely binding hydrogen to the thermal oil benzyltoluene (LOHC-BT) in a chemical process, the volatile green molecules can be efficiently stored and transported at ambient pressure and temperature using the existing liquid fuel infrastructure.

“Green Hydrogen is emerging as a real opportunity that can transform the global energy systems and meet the decarbonisation 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 cost effective value proposition for our customers.” Said Ashwani Dudeja, Group President and Director for Acme Group.

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