Vopak and Hydrogenious LOHC Technologies are to incorporate an equal shared joint venture, named LOHC Logistix, for hydrogen storage, transport, and supply. The project will be based on Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology, to drive forward more LOHC market solutions.
Based in Germany, LOHC Logistix will support both parties to facilitate their efforts to supply green hydrogen to off-takers, using LOHC-based transportation via ship, train, tanker, etc. For transportation and supply, it will purchase hydrogenation as well as dehydrogenation services from/at the respective LOHC plant operating companies and organise transport.
In addition, both companies have committed to accelerating the establishment of the LOHC storage plant planned at Chempark Dormagen (Germany).
Dr Daniel Teichmann, founder and CEO at Hydrogenious LOHC Technologies says: ‘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. Ever since Vopak’s investment in our company, we have worked very closely together in developing and establishing clean hydrogen value chains. With the build-up of LOHC plants in Chempark Dormagen and Rotterdam we will establish a green hydrogen supply chain that we see as a blueprint for a future even more comprehensive network across Europe and the Middle East and beyond. As a great start to the new year, we are proud to announce this new partnership with Vopak and the foundation of our Joint Venture. As a team, we work together to further accelerate the establishment of a clean hydrogen infrastructure in order to ‘carry the new energy world’, as our corporate claim says.’
Dick Richelle, Chairman Executive Board and CEO Vopak: ‘This investment is well in line with Vopak’s strategy to accelerate its portfolio investments towards new energies and sustainable feedstocks. We believe that different types of hydrogen logistics need to be developed to be able to facilitate the needed future flows of hydrogen and hydrogen carriers. We are excited to work together with Hydrogenious to jointly develop the first industrial scale hydrogen supply chain using LOHC.’
