On Monday, the renewable energy company ACME Group announced that it has entered into an agreement with German firm Hydrogenious LOHC Technologies to explore the establishment of extensive hydrogen supply chains from Oman to Europe. Hydrogenious’ LOHC technology facilitates the safe and cost-effective storage and transportation of hydrogen using existing liquid fuel infrastructure, as detailed in a statement. Liquid organic hydrogen carriers (LOHCs) can be used for long-term storage and long-distance transport of hydrogen.
ACME Group and Hydrogenious LOHC Technologies have formalized a memorandum of understanding to collaborate on a feasibility study aimed at jointly developing large-scale hydrogen supply chains from ACME’s projects in Oman to distribution hubs in Europe utilizing the innovative LOHC technology.
Both parties also intend to extend the partnership to evaluate the hydrogen value chain from the US to Europe.
“Oman benefits from abundant renewable energy (RE) 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,” ACME Group said.
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, it added.
The ACME Group, headquartered in Gurugram, specializes in providing sustainable solutions.
