- Global Energy Ventures (GEV) is set to partner with ILF Beratend Ingenieure to identify and develop green hydrogen projects in Europe and Australia
- GEV signed a memorandum of understanding (MOU) with the international engineering firm to immediately commence exploring renewable project opportunities
- Broadly, Global Energy Ventures said the MOU provides the company access to the “fast-developing” hydrogen economy in Europe
- GEV affirmed the design and approval of its C-H2 Ship is “progressing”
- Global Energy Ventures shares are up 4.11 per cent to trade at 7.6 cents
Global Energy Ventures (GEV) is set to partner with ILF Beratend Ingenieure to identify and develop green hydrogen projects in Europe and Australia.
The parties signed a memorandum of understanding (MOU) for the arrangement, which will see the companies explore renewable project opportunities regarding the full hydrogen value employing GEV’s C-H2 ship and supply chain.
The ASX-lister affirmed it is progressing the design and approvals of its
C-H2 Ship, along with the related ship loading and unloading facilities.
GEV describes ILF as an international engineering and consulting firm focusing on major energy, industrial and infrastructure projects.
Broadly, Global Energy Ventures said the MOU provides the company access to the “fast-developing” hydrogen economy in Europe and its associated incentive schemes, production and centres of hydrogen demand.
The companies said they will immediately commence the review of identified green hydrogen projects suitable for a C-H2 shipping solution, both onshore and offshore applications.
The term of the MOU is valid until December 31, 2022.
Global Energy Ventures shares are up 4.11 per cent to trade at 7.6 cents at 3:36 pm AEST.