ACME Group to explore hydrogen value chains from Oman to Europe
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, 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 parties intend to extend the partnership to evaluate the hydrogen value chain from the US 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 decarbonise industrial offtakers, energy and mobility, Hydrogenious said in a press statement.
Hydrogenious’ LOHC technology is perfectly 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,” Ashwani Dudeja, Group President and Director for ACME Group, said in the press statement.
“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,” Toralf Pohl, Chief Commercial Officer at Hydrogenious LOHC Technologies, said.
He added, “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.”