Magazine

Last edition
January-February 2025

Home › Business ›ACME Group and Hydrogenious Partner to Explore Large-Scale Hydrogen Supply Chains

ACME Group and Hydrogenious Partner to Explore Large-Scale Hydrogen Supply Chains

The two companies have signed a Memorandum of Understanding (MoU) to conduct a feasibility study, with a focus on jointly developing large-scale hydrogen supply chains.

April 09, 2024. By Abha Rustagi

ACME Group, a company in sustainable and renewable energy, has partnered with Hydrogenious LOHC Technologies, a German pioneer in Liquid Organic Hydrogen Carriers (LOHC), to embark on a venture aimed at revolutionizing hydrogen supply chains.

The two companies have signed a Memorandum of Understanding (MoU) to conduct a feasibility study, with a focus on jointly developing large-scale hydrogen supply chains. The initiative aims to leverage ACME's renewable energy projects in Oman to establish supply hubs in Europe, utilizing Hydrogenious' innovative LOHC technology.

The collaboration also intends to extend its scope to evaluate the hydrogen value chain from the United States to Europe, tapping into the benefits offered by the US Inflation Reduction Act, which provides production incentives leading to competitive hydrogen production costs.

Oman, renowned for its abundant renewable energy resources such as solar and onshore wind, presents an ideal setting for green hydrogen production by ACME. The produced hydrogen, stored in LOHC, can be transported via tanker to Europe, facilitating the decarbonization of industrial off-takers, energy, and mobility sectors.

Hydrogenious' LOHC technology offers a game-changing solution for large-scale hydrogen imports via maritime supply chains. By safely binding hydrogen to the thermal oil benzyltoluene (LOHC-BT), the technology enables efficient storage and transportation of green molecules at ambient pressure and temperature, utilizing existing liquid fuel infrastructure.

Ashwani Dudeja, Group President and Director for ACME Group, emphasized the transformative potential of green hydrogen in global energy systems, stating, "Green Hydrogen is emerging as a real opportunity that can transform the global energy systems and meet the decarbonization goals of industry and governments." He further highlighted the partnership with Hydrogenious as a strategic move towards delivering cost-effective value propositions for customers.

Toralf Pohl, Chief Commercial Officer at Hydrogenious LOHC Technologies, echoed the sentiment of collaboration and shared goals in driving global decarbonization. He emphasized the safety and efficiency of LOHC-BT, noting its suitability for handling hydrogen in ports and urban environments.

Tags:

Business

ACME Group

Memorandum of Understanding

MoU

Liquid Organic Hydrogen Carriers

US Inflation Reduction Act