Vision Hydrogen Acquires Advanced Renewable Fuels Development Project

Vision Hydrogen Corporation (OTCQB: VIHD) (the “Company”) announces that it has acquired a 100% interest in a 14 Ha port development project (the “Project”) for the storage and distribution of low carbon and renewable fuels, including hydrogen carriers such as ammonia, methanol and liquid organics, strategically located in Vlissingen (Flushing) at the mouth of the Westerschelde estuary in the Netherlands.

The Project is well positioned to be the first terminal in Europe with a core focus on the storage of low carbon and renewable fuels (including hydrogen carriers from which clean hydrogen may be produced) for European markets and off-takers providing carbon abatement.

About Evolution Terminals
Evolution Terminals BV (“EVO”) benefits from a long-lease agreement with North Sea Port for the exclusive use of 143,132m² of sea-front industrial-zoned land in North Sea Port’s Vlissingen location. In development since Q4 2020, the Project is being designed to provide a liquid bulk storage terminal and jetty, giving ships access to purpose-built storage and handling facilities for low carbon and renewable fuels. The advanced pre-development, planning and engineering of the Project greatly advances its maturity and shortens the Company’s development timelines.

See more here.

Source: investegate.co.uk