- Royal Vopak and Germany’s Hydrogenious LOHC Technologies are developing a joint venture (JV) for the storage, transportation and supply of hydrogen
- The JV will be equally owned by the partners and located in Germany.
Royal Vopak, a Dutch tank storage company and Germany’s Hydrogenious LOHC Technologies are developing a joint venture (JV) for the storage, transportation and supply of hydrogen using Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology.
The JV will be equally owned by the partners and located in Germany. It will also help the companies involved in their efforts to supply green hydrogen to off-takers via ship, train or tanker. The JV will be incorporated as soon as customary closing conditions are met.
“Worldwide there exists a huge capacity of storage tanks, sea vessels, inland tankers and tank trucks for the storage and transportation of liquid fossil fuels. Hydrogenious wants to turn all this valuable infrastructure into the hydrogen infrastructure of the future using our LOHC technology,” explained Daniel Teichmann, founder and chief executive at Hydrogenious LOHC Technologies.
Both companies have a history of relating with one another as Vopak has been an investor in Hydrogenious LOHC Technologies since 2019. In the new collaboration, the companies committed to accelerating the establishment of the previously-announced LOHC storage plant at Chempark Dormagen in North-Rhine Westphalia, Germany, and of a hydrogen release plant in Rotterdam.
According to Teichmann, these facilities will create a green hydrogen supply chain that is seen as a blueprint for a future more comprehensive network across Europe and the Middle East and beyond.