Business
Completion of Feasibility Study - Green Hydrogen
Completion of Feasibility Study - Green Hydrogen.
About this update from Chariot Limited
[{"type":"text","content":"\n\n \n \n \n11 March 2024\n \nChariot Limited\n(\"Chariot\" or \"the Company\")\n \nCompletion of Feasibility Study on Green Hydrogen Project in Mauritania\n \nConfirms world class potential, outlines first phase planning for domestic offtake and export development\n \nChariot, the Africa focused transitional energy group, is pleased to announce the completion of the Feasibility Study for the large-scale green hydrogen project \"Project Nour\" in Mauritania which has now been presented to the Government of Mauritania. Project Nour is equally owned through a 50%/50% partnership between Chariot's fully owned subsidiary Chariot Green Hydrogen and TE H2, a company co-owned by TotalEnergies and EREN Group, and is being developed with the support of Mauritania's Ministry of Petroleum, Energy and Mines.\n \nHighlights: \n· Further definition of the scale and viability of the project, building on the Pre-Feasibility Study completed in 2022 which confirmed that with up to 10 GW of electrolysis installed, Project Nour could become one of the largest green hydrogen projects globally\n· Intention to execute a phased development with a first phase renewable capacity of 3 GW, powering up to 1.6 GW of electrolysis capacity, to produce 150 kt of green hydrogen per annum\n· Offtake possibilities: domestic use for green steel production and export of green ammonia\n· Geographical proximity to Europe and existing deep-sea port at Nouadhibou provides favorable export options\n· Sustainable economic development with local content plan aimed at maximizing employment and business opportunities in Mauritania\n· Completed in compliance with Equator Principles and IFC Performance Standards\n· Next steps include completion of investment framework, engineering conceptual study and offtake negotiations\n \nH.E. Minister Nani Chrougha of the Mauritanian Ministry of Petroleum, Mines and Energy, commented: \"With the completion of the feasibility study of Project Nour, Mauritania has just taken an important step forward on the path to realising its green hydrogen amb...