JERSEY CITY, December 12, 2022 — via InvestorWire —
Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company“) is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Linde Engineering for expanding scope and further cooperation in regards to Vision Energy’s pioneering Green Energy Terminal in North Sea Port of Vlissingen, the Netherlands.
The expanded scope in the MOU defines the parties’ intentions to engage in a deeper collaboration in connection with engineering, procurement and construction services and a mutual interest to participate in co-investment, development and operations associated with Hydrogen production through Ammonia Back-Cracking as a service and an e-Methanol production plant.
This expanded scope will vastly accelerate the development commitments of Evolution Terminal’s existing site located in Vlissingen, The Netherlands, for storage of Ammonia/LPG and other green and renewable products such as e-Methanol.
Linde is highly experienced in clean energy infrastructure design and operations. Vision Energy has previously contracted with Linde to deliver preliminary Front-End Engineering and Design (FEED) services for Phase 1 of Vision Energy’s Green Energy Terminal. The previous scope of works included design and engineering of 150,000 cubic meters (CBM) of Green Ammonia (NH3) storage, truck and barge loading facilities, ship loading and unloading facilities, and utilities, infrastructure and buildings. Engineering efforts under the agreement have commenced and are anticipated to conclude in April 2023 in support of Vision Energy’s target to reach Final Investment Decision (FID) by Q3 2023. See Vision Energy News Release 9th November 2022.