Chariot Limited Green Hydrogen MoU with the Port of Rotterdam (3938H)
April 06 2022 - 2:01AM
UK Regulatory
TIDMCHAR
RNS Number : 3938H
Chariot Limited
06 April 2022
6 April 2022
Chariot Limited
("Chariot", the "Company" or the "Group")
Green Hydrogen MoU with the Port of Rotterdam
Progressing distribution channels to help meet European energy
demand for Hydrogen
Further to the Company's announcement on 27 September 2021,
relating to the green hydrogen project in Mauritania, Chariot (AIM:
CHAR), the Africa focused transitional energy company, is pleased
to announce that it has signed a Memorandum of Understanding
("MoU") with the Port of Rotterdam International, a global energy
hub and Europe's largest seaport which handles a significant
portion of Europe's total energy demand.
The MoU represents a first step towards establishing supply
chains to import green hydrogen and ammonia to meet expected demand
in the Netherlands and other countries in Northwest Europe. The two
parties will work together to connect with off-takers and secure
contracts for specific volumes.
René van der Plas, Director of Port of Rotterdam International,
stated:
"We are excited to be teaming up with Chariot, to help with the
distribution element of their green hydrogen project in Mauritania.
The project could turn Mauritania into a leading supplier of green
hydrogen to Europe, making it one of the largest energy projects of
its kind in the world."
Benoit Garrivier, Chariot Transitional Power CEO, commented:
"This MoU is a considerable step forward for us on our green
hydrogen project and we are delighted to be working with the Port
of Rotterdam, as they look to continue to cement their position as
one of the leading energy hubs in Europe. Our green hydrogen
project in Mauritania has the potential to establish the country as
one of the cheapest producers of green hydrogen. Our ambition is to
help the nation become one of the world's main producers and
exporters of green hydrogen. We look forward to announcing further
developments with this project in due course."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014, as retained in the UK
pursuant to S3 of the European Union (Withdrawal) Act 2018.
For further information please contact:
Chariot Limited
Adonis Pouroulis, Acting CEO
Julian Maurice-Williams, CFO +44 (0)20 7318 0450
Cenkos Securities Plc (Nomad & Joint Broker)
Derrick Lee, Adam Rae +44 (0)131 220 9100
Peel Hunt (Joint Broker)
Richard Crichton, David McKeown +44 (0)20 7418 8900
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea +44 (0)20 8434 2754
NOTES FOR EDITORS:
About Chariot
Chariot is an African focused transitional energy group with two
business streams, Transitional Gas and Power.
Chariot Transitional Gas is a high value, low risk gas
development project offshore Morocco with strong ESG credentials in
a fast-growing emerging economy with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside. Chariot Transitional Power, looking to transform the energy
market for mining operations in Africa, providing a giant largely
untapped market with cleaner, sustainable, and more reliable power.
Additionally in September 2021, Chariot announced its partnership
with the Government of Mauritania for the potential development of
a large-scale green hydrogen project.
The ordinary shares of Chariot Limited are admitted to trading
on the AIM under the symbol 'CHAR'.
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END
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