ACME Group to explore hydrogen value chains from Oman to Europe

ACME Group to explore hydrogen value chains from Oman to Europe

Muscat – 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 […]Muscat – 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