Vision Hydrogen (OTCQB: VIHD) has announced a critical milestone in the development of a 25 MW green-hydrogen production facility in the Netherlands. The company announced that its subsidiary, VoltH2, in partnership with Virya Energy, has been granted permits to the facility, which is to be located in the north sea port of Terneuzen, the Netherlands. The production facility, which will include tube-trailer loading and integrated distribution features, is based on a scalable platform, allowing the two companies to increase production capacity up to 75 MW. According to estimates, at 25 MW the plant will produce up to 3.5 million kilograms of green hydrogen per year and up to 10.5 million kilograms of H2 output at 75 MW. The planned plant site of Terneuzen is accessible to existing high-voltage power and gas infrastructure and large renewable power-producing assets, with the ground station of TenneT, the Dutch national high-voltage grid operator less than 1,500 meters away. A connection point to the Yara-Dow-Zeeland Refinery pipeline is less than 1,400 meters away. In addition, the Ghent-Terneuzen Canal, which provides water access to the major European port of Ghent, is adjacent to the property. VisionH2 and Virya anticipate building the electrolysis plant based on proven, commercially available technology, with estimated development costs for the initial phase coming in at €35—€40 million. The two companies now have all environmental and construction permits in hand and are in the final statutory consultation and review period.
To view the full press release, visit https://ibn.fm/10Wu9
About Vision Hydrogen Corporation
Vision Hydrogen is focused on hydrogen production for transportation and power requirements, with a goal of contributing to a clean-energy environment. The company is committed to provide the highest-quality hydrogen production, storage and distribution services for the hydrogen economy supply chain, serving residential, commercial and government sectors. Through its wholly owned subsidiary VoltH2, Vision Hydrogen designs, develops, constructs and operates green hydrogen plants in Northwestern Europe, with production facilities being developed in Vlissingen and Terneuzen in the Netherlands. Plant production forecasts are to commence production output in 2023, and each plant will have the capacity to produce up to 3.5 million kilograms of green hydrogen per year, scalable up to a combined 24.5 million kilograms. Strategically located within North Sea Port, the end product will be transportable by road, rail, waterways and pipeline. Local industry will be able to purchase green hydrogen in order to meet its environmental objectives. For more information about the company, please visit www.VisionH2.com.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
