Vision Energy Corp. (VENG) Announces Incorporation of New Dutch Subsidiaries to Accommodate Strategic Initiatives for Prospective Partners
Jan 18, 2023
- Vision Energy has announced the incorporation of Vision Hydrogen BV as a project development company for its planned Ammonia Cracking Facility for back-cracking imported green ammonia into hydrogen gas as a service
- On December 2, 2022, Vision entered a Memorandum of Understanding with Linde Engineering with a mutual interest to participate in co-investment, development, and operations associated with hydrogen production through ammonia back-cracking
- Vision Energy has also incorporated “Evolution Terminals Operating BV,” a dedicated entity that will jointly own and operate logistics infrastructure
- The company’s Green Energy Hub is positioned to be the first terminal ina Europe focused on green and low-carbon energy products
Vision Energy (OTCQB: VENG), a forward-looking renewable energy facilities developer, has announced the incorporation of new Dutch subsidiaries to accommodate strategic initiatives for prospective partners, operators, and launching customers for its integrated Green Energy Hub development in the North Sea Port of Vlissingen, the Netherlands. The region is home to the largest industrial ports in Europe, where much of the hydrogen demand is located, and presents a well-developed natural gas infrastructure connecting these ports with other industrial hubs. This network could be partially repurposed to facilitate hydrogen delivery from production sites to demand centers (https://ibn.fm/DcfoI).
The Green Energy Hub’s design can receive seagoing vessels, barges, and coasters, served by a dedicated deep-water jetty and rail and truck loading infrastructure. This will allow for direct access to purpose-built storage and handling facilities for low-carbon fuels and hydrogen carriers – including…
NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://ibn.fm/VENG
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