Vopak and Hydrogenious LOHC Technologies have agreed a joint venture for hydrogen storage, transport and supply.
LOHC Logistix will be based on Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology.
Located in Germany, it will support both parties to facilitate their efforts to supply green hydrogen to off-takers, using LOHC-based transportation via ship, train and tanker.
Hydrogen is expected to play a dominant role in future energy systems. When it comes to handling the volatile hydrogen gas, the LOHC technology developed by Hydrogenious has potential to help speed up the development of an international hydrogen market.
The LOHC pioneer from Germany uses the thermal oil benzyl toluene as liquid organic hydrogen carrier (LOHC-BT), which is already well-established in the industry as a heat transfer medium and has ideal properties for safe handling in ports.
Hydrogenious LOHC Technologies has sold pilot-scale LOHC systems to partners in several countries like Finland, Germany and the US over the last few years. Hydrogenious supplies the Hydrogen Refueling Station Erlangen in Germany via LOHC.
Dr Daniel Teichmann, founder and CEO at Hydrogenious LOHC Technologies, said:
"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.”
Dick Richelle, chairman executive board and CEO Vopak, added: "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."
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