JERSEY CITY, N.J., November 4, 2022 — via Globe Newswire —
Vision Hydrogen Corporation (OTCQB:VIHD) (“VisionH2” or the “Company“) is pleased to announce that it has engaged DGMR (“DGMR”), a Netherlands-based engineering consultancy, for environmental studies and planning services for the Company’s pioneering Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands, and which is being designed to provide import, storage and handling facilities for hydrogen carriers, renewable energy products and green fuels.
DGMR has been engaged to provide specialist studies and reports to support the Company’s environmental permit application and to assess and calculate the impact of the Company’s activities on the surrounding area, to ensure future operations conform to and exceed to all required standards.
DGMR is an independent engineering consultancy company that specializes in environmental studies and spatial planning. DGMR is conducting detailed studies on acoustic impact, external safety assessment and risk mitigation, air quality preservation and nitrogen deposition calculations for the Company’s future operations at its pioneering Green Energy Hub.
The Company, through its wholly owned subsidiary Evolution Terminals, is in the advanced stages of planning for the construction of its Green Energy Hub, and is on schedule to file for the remaining construction and environmental permits by December 2022. The Company’s Phase 1 development plan is designed for the construction of approximately 400,000 cubic meters (CBM) of renewable liquid bulk storage capacity comprising 150,000 CBM allocated to Green Ammonia, 180,000 CBM allocated to Renewable Methanol and 70,000 CBM allocated to Biofuels and Liquid Organic Hydrogen Carriers (LOHC). Phase 1 CAPEX is estimated at EUR €450 million, including jetty infrastructure.