Trammo Inc.’s Dubai-based subsidiary, Trammo DMCC, along with Proton Ventures BV, an engineering and development company in the Netherlands, and VARO Energy, a European mid- and downstream energy company, have signed a Memorandum of Understanding to form a consortium – Transhydrogen Alliance – that entails a joint initiative and mutual cooperation on the production and import of green hydrogen and green ammonia into Europe via Rotterdam, as well as its export from selected locations worldwide.
The Transhydrogen Alliance intends to start its collaboration with an initial project for the production of green hydrogen produced from solar and wind rich areas and the import of the hydrogen in the form of green ammonia into Europe. The initial project is expected to be completed by 2024.
Following success of the initial project, Transhydrogen Alliance targets the import of up to 500,000 mt of green hydrogen equivalent to up to 2.5 million mt green ammonia per year via the Port of Rotterdam. The parties said the Port of Rotterdam Authority supports the consortium, especially in its efforts to set up an import terminal in Rotterdam for these new supply chains.
“Transhydrogen Alliance offers an integrated supply chain, with reduced costs for the import of green hydrogen and green ammonia into Europe,” said Hans Vrijenhoef, Proton Ventures CEO. “Through advanced technology we can make green energy available at an affordable cost.”
“Trammo is proud to participate in the project and to help advance the transition of the global ammonia supply chain, as well as the distribution of green energy carriers such as Hydrogen,” said Christophe Savi, Head of Trammo’s Ammonia Division. “We are excited to work with a stimulating and engaging group of partners who seek to progress rapidly in achieving our shared goal of producing and providing to the industry a safe, clean and economically sustainable product.”
Trammo and Proton Ventures signed a MOU for joint cooperation on green ammonia projects in January (GM Jan. 22, p. 1). Under that MOU, Proton Ventures would construct green ammonia production units, storage facilities, and import and export terminals (NFuel Projects), and subsequently supply the green ammonia produced through wind and solar energy to Trammo.
VARO, the other party in the new Transhydrogen Alliance, operates throughout the complete downstream fuel supply chain with refining, storage, blending, distribution, sales, and marketing assets. It owns a refinery in Cressier, Switzerland, a majority share in the Bayernoil refinery, Southern Germany, as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.
VARO’s shareholders include Carlyle International Energy Partners, an advisory fund that is part of the global alternative asset manager The Carlyle Group, and international energy and commodities company Vitol.