Trinidad & Tobago energy companies join hydrogen race
The National Gas Company (NGC), a wholly-owned state gas company, National Energy Corporation (NE), a wholly-owned subsidiary of NGC, and Kenesjay Green Limited (KGL), a locally owned sustainable energy firm, signed a Memorandum of Understanding (MoU) to collaborate for developing the country hydrogen energy sector. The three partners will jointly explore the feasibility of various hydrogen-related projects and initiatives in Trinidad & Tobago and elsewhere.
The three companies agreed to explore the hydrogen economy and transition from existing natural gas-based industries to greener solutions. They will also explore both low-carbon hydrogen and green hydrogen projects to reduce the country’s carbon emission footprint and promote the national hydrogen economy.
In addition, they will help promote and raise awareness of hydrogen in the country and engage in developing a national energy policy framework. All the partners will also report their carbon saving impacts in their respective sustainability reports. Central and South American companies are trying to reposition themselves by using renewable resources to benefit from the growing hydrogen trend.
Mark Loquan, NGC President, stated, “We see energy efficient & green hydrogen production as a key enabler to integrating renewable options into the existing plants.” At this occasion Philip Julien, the Founder and Chairman of KGL said that the introduction of new green industrial projects, such as the NewGen Project, is the first of a pipeline of such projects being identified by KGL.
NewGen project is potentially the world first and largest standalone hydrogen production plant with a capacity of 27,200 tonnes/year. The hydrogen would be sold directly to Tringen. Fisterra Energy SLU has recently announced to partnering with Kenesjay Green Limited for the development. The plant is expected to produce carbon-neutral and green hydrogen and is set to come online by 2024.