JERSEY CITY, NJ, December 12, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Vision Energy Corporation (OTCQB: Weng) ,Vision Energy” either “company“) is pleased to announce the signing of an MoU (“memorandum of Understanding”) with Linde Engineering for expansion and further collaboration in connection with Vision Energy’s pioneering green energy terminal at the North Sea port of Wissingen, Netherlands.
The expanded scope in the MoU defines the intentions of the parties to engage in deeper cooperation with respect to engineering, procurement and construction services and to participate in co-investment, development and operations involving hydrogen production through ammonia back-cracking. There is a mutual interest. One service and one E-methanol production plant.
This expanded scope will greatly enhance the development commitments of Evolution Terminal’s existing site located in Vlissingen, The Netherlands for the 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 previously contracted with Linde to provide preliminary front-end engineering and design (FEED) services for the first phase of Vision Energy’s green energy terminal. The previous scope of work included the design and engineering of 150,000 cubic meters (cbm) 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 begun and are expected to conclude in April 2023, in support of Vision Energy’s goal to reach Final Investment Decision (FID) by the third quarter of 2023. View Vision Energy News Release 9th November 2022.
About Vision Energy
Vision Energy is a forward-looking energy company developing assets and solutions for the commercial, industrial and transportation sectors. Leveraging its proven track-record in site and asset procurement, development and permitting processes, plant design and grid integration to facilitate low carbon energy generation, supply and distribution. The company pursues trusted offtake relationships and operating partnerships with energy industry participants and end users seeking carbon reduction in feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and where possible, to existing gas and electricity systems to integrate and facilitate the import and/or distribution of low carbon energy to domestic and global supply chains. The projects have been designed to take advantage of the infrastructure.
Linde is a leading global industrial gas and engineering company with sales of $31 billion (€26 billion) in 2021. we live our mission making our world more productive Every day by providing high-quality solutions, technologies and services that are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets, including chemicals and energy, food and beverage, electronics, health care, manufacturing, metals and mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high purity and specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also provides state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
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Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking words such as “forecast”, “estimate”, “believe”. “anticipate,” “expect” and “intend” among others. These forward-looking statements are based on current expectations, and actual results may differ materially. The company undertakes no obligation to update or revise any forward-looking statement. The information provided here speaks only as of its date.