Raven SR waste-to-hydrogen project in Spain; Oracle Power & Kaheel Energy JV in Pakistan
The S3 European Hydrogen Valleys Partnership chose Raven’s project as the best industrial initiative linked to hydrogen.
Raven SR Inc. (a renewable fuels company) plans to construct a waste-to-hydrogen production facility in Aragón, Spain, following the opening of its subsidiary Raven SR Iberia in Zaragoza.
The Raven SR project in Aragon will produce 1,600 tonnes/year of renewable hydrogen from around 75 tonnes/day of organic solid waste. Raven SR plans to bring the modular project online in 2023. Raven SR’s patented, non-combustion technology reduces waste and emissions while creating clean, renewable fuel.
Raven SR is part of the Pilot Action Hy2Market and European Consortium related to the Interregional Innovation Investment Funding Instrument I3, which aims to support the commercialisation and scale-up of interregional European innovation projects and investments through the development of European hydrogen value chains.
Matt Murdock, CEO of Raven SR, said, “As we advance the commercialisation of renewable hydrogen and synthetic fuels produced from waste, we are well-positioned in Europe by launching operations here in Aragón, which is at the forefront of developing the new hydrogen economy for the energy transition.”
Arturo Aliaga, VP and minister at the Regional Government of Aragón, said, “This project is fully aligned with the vision of the Government of Aragón for the development and implementation of new hydrogen technologies and contribute to ambitious European decarbonisation objectives.”
Joint Venture to Advance Green Hydrogen Project
Oracle Power PLC has entered a joint venture agreement with Kaheel Energy FZE to advance its green hydrogen project in Pakistan.
The joint venture company, Oracle Energy Limited, which Oracle wholly owned, aims to invest in, develop, own, and operate a facility to manufacture green hydrogen in Sindh, Pakistan and undertake its storage transportation and sale.
Oracle Energy will be funded on a 70:30 basis by Kaheel Energy and Oracle Power, respectively.
The joint venture structure is intended to provide a vehicle to support the accelerated development of the project to meet the growing international and domestic demand for green hydrogen and clean energy. At the same time, this structure will significantly mitigate the early-stage development risk and funding required for the project.
Naheed Memon, CEO of Oracle, said, “Issues relating to green energy and fuel security are high on the agenda worldwide and we are more determined than ever to bring this emerging green fuel source to commercialisation.”