Highlights:

• Co-operation under an agreed work program towards key terms for hydrogen supply and offtake.
• Aiming to supply over 40,000 tonnes per year of RFNBO1-compliant hydrogen.
• Targeting 10-year contract tenure to support long-term charter for Provaris’ proprietary H2Neo carriers and H2Leo barge.
• Term Sheets for hydrogen Sales and Purchase Agreement (SPA) and shipping contracts linked to the chosen development project, scheduled for Q4 2024.

  Provaris Energy is pleased to advise the co-operation under the Memorandum of Understanding with Norwegian Hydrogen AS and Uniper Global Commodities SE  is underway with activities to focus on key terms for a hydrogen SPA term sheet, targeted for the December 2024 quarter.

  The tri-party MOU signed in August this year aims to strengthen co-operation in developing hydrogen supply chains from Norway and other potential Nordic sites to import locations in North-Western Europe, using Provaris’ H2Neo carriers.

  Provaris and Norwegian Hydrogen are collaborating to develop sites suitable for the supply of RFNBO compliant hydrogen, which will be stored and transported using Provaris’ H2Leo storage barge and H2Neo carriers. Work is underway to outline the preferred sites in the Nordics, including Norway and Finland. Sites with a detailed feasibility include the FjordH2 Project located in the Alesund region, Norway.