UAE’s Emirates Specialized Contracting & Oilfield Services (ESCO) and the German Hydrogenious LOHC Technologies have recently formed a strong joint venture to realise viable hydrogen infrastructure out of the Middle East.
The new Joint venture is called the Hydrogenious LOHC Emirates and is based in Abu Dhabi, UAE. It aims to position itself as an onsite solution provider for hydrogen storage and transport.
Dr Andreas Lehmann, CEO of Hydrogenious LOHC Emirates, said, “Hydrogenious LOHC Emirates wants to source low-cost sustainable hydrogen from onsite and establish efficient LOHC-based supply chains for and to the predestined hydrogen demand countries worldwide.”
Karim Attie, CEO of ESCO, commented, “Hydrogen momentum in Middle East is significantly increasing, leading to LOHC lighthouse project opportunities to form consortia for intercontinental hydrogen transportation.”
Hydrogenious provides a safe, low-cost means of bulk hydrogen storage and transportation. It has recently raised a further €50 million to scale and commercialise its technology. The funding round was led by Jera Americas, alongside Temasek, with Chevron Technology Ventures and Pavilion Capital investing for the first time. Existing investors AP Ventures, Royal Vopak and Winkelmann Group also contributed to the round. The funding would help deploy commercial systems into hydrogen projects in Europe, the Middle East and elsewhere.