April 08, 2024 [Storage Terminal Magazine]- ACME Group, one of the world’s leading sustainable and renewable energy companies, and German pioneer in liquid organic hydrogen carriers, Hydrogenious LOHC Technologies, have signed a Memorandum of Understanding 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 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 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 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.

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