Page 15 - DMEA Week 39 2021

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Chariot signs MoU on green

hydrogen project in Mauritania

AFRICA UK-BASED Chariot said earlier this week that “become one of the world’s main producers and
it had signed a memorandum of understanding exporters of green hydrogen and its derivative
(MoU) with Mauritania’s Ministry of Petroleum, products, close to potential large European mar-
Mines and Energy on a proposed green hydro- kets,” it said.
gen project. Minister of Petroleum, Mines and Energy
In a statement, the company said that the Abdessalam Ould Mohamed Saleh made similar
MoU provided for the parties to work together points, saying: “Developing Mauritania’s green
on Project Nour, which envisions the use of up to hydrogen industry promises to bring a combi-
10 GW in solar and wind generating capacity to nation of environmental, economic and social
power electrolysis plants capable of turning out benefits to our country. We have the potential
large quantities of green hydrogen. and desire to be a world leader in the field of
One of Chariot’s first contributions will be hydrogen production from renewable energy
to charge its in-house team, which has exten- sources. The ministry is pleased to have signed
sive experience in launching renewable energy this agreement with Chariot and hopes for a long
schemes in Africa, with assessing the wind and and rewarding partnership.”
solar potential of the offshore and onshore areas For his part, Chariot’s acting CEO Adonis
set aside for Project Nour, it noted. Pouroulis commented: “I am very excited by
The company will also prepare to conduct today’s announcement of this agreement with
studies on the economic, environmental and the goal of quickly realising the potential of green
social impact of the project, the statement added. hydrogen.”
It further indicated that the Ministry of Petro- He added: “In Mauritania, Chariot has a
leum, Mines and Energy had set aside three history of previous significant investments and
tracts of land covering a total of about 14,400 bringing in world-class partners to projects, and
square km for Project Nour. we are looking forward to working with the Gov-
The ministry will work with Chariot to attract ernment of Mauritania again to fast-track Pro-
investors and form a “world-class consortium” ject Nour. This is a potential large new market,
for this endeavour, which has the potential to set to bring multiple benefits to all parties and
turn Mauritania into a major producer of green deliver positive impact to Mauritania. We thank
hydrogen, it said. the Government of Mauritania for the opportu-
This initiative is designed to help Mauritania nity to partner with them on what we believe will
use its “world-class” wind and solar resources to be one of Africa’s largest projects of its kind and
become Africa’s lowest-cost producer of green look forward to providing updates regarding the
hydrogen, Chariot stated. The country could near-term pre-feasibility study and beyond.”™

Week 39 30•September•2021 www. NEWSBASE .com P15