Dubai-based Trammo DMCC, a subsidiary of Trammo Inc., Proton Ventures BV, an engineering and development company in the Netherlands and VARO, an European mid- and downstream energy company, have signed a Memorandum of Understanding for a joint initiative and mutual cooperation on the production and import of green hydrogen and green ammonia into Europe via Rotterdam, as well as export thereof from selected locations worldwide. The consortium — 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 such hydrogen in the form of green ammonia into Europe. The initial project is expected to be completed by 2024.