Hydrogenious & Ostensjo Join Forces with Tailwind from Enova Funding

Source: www.gulfoilandgas.com 7/2/2021, Location: Europe

Hydrogenious LOHC Technologies GmbH and Johannes Ostensjo dy AS have founded the joint venture company Hydrogenious LOHC Maritime AS. The aim is to develop and market emission-free liquid organic hydrogen carrier (LOHC)-based applications for shipping, having a commercial product ready for operation from 2025. The focus is on on-board LOHC/fuel cell propulsion systems on a megawatt scale. By binding the hydrogen to the LOHC, this will be a particularly safe technology. Moreover, Hydrogenious’ Liquid Organic Hydrogen Carrier applies to conventional bunkering facilities onboard as well as in the ports. The funding agency Enova, owned by the Norwegian Ministry of Climate and Environment, announced today to support the joint venture’s initial project HyNjord with NOK 26 million (about 2,5 million Euros).

LOHC tech pioneer Hydrogenious to diversify its hydrogen infrastructure solutions for maritime mobility
“We’re very happy to have found the ideal partner in the Ostensjo Group. The Ostensjo Group, which is well established not only in Norway but also internationally, has seen LOHC as the game changer for the decarbonization of shipping for some time”, comments Dr Daniel Teichmann, CEO and founder of Hydrogenious LOHC Technologies and the joint venture’s Chairman of the Board. “The strategic planning for the new type of service operation vessel with LOHC was already a done deal at Edda Wind. Optimal for us to bring our stationary systems not first on the road, but sensibly on the water. Based on an exclusive worldwide licence agreement, Hydrogenious LOHC Maritime AS will make our proprietary LOHC technology available for onboard solutions for sustainable maritime traffic, i.e. develop, final assembly and market integrate carbon-free propulsion systems and offer aftermarket and other related services.” Hydrogenious LOHC Technologies will itself work on integrated onboard solutions of LOHC release unit and fuel cell for heavy-duty transport, Daniel Teichmann further explains.

Ostensjo sees huge market potential in sustainable LOHC-based maritime propulsion “The Østensjø Group is committed to take part of the energy transition and to find ways to cut emissions. Of all the potential zero-emission technologies, we find LOHC the most promising one. That is why we have prepared all six service operation vessels under construction in our subsidiary, Edda Wind, for LOHC-based propulsion. Safety is of course very important for us in these evaluations. However, the fact that we can use existing fuel infrastructure and are able to use familiar fuelling procedures is of importance. In addition, we can easily carry enough energy onboard our vessels in order to operate in normal intervals of up to four weeks without refuelling”, says Havard Framnes, Investment Director in Ostensjo Group as well as board member in Hydrogenious LOHC Maritime.

“In Ostensjo, we are very excited about this joint venture and the cooperation with Hydrogenious LOHC Technologies. We believe the technology provided by the joint venture can be suitable for most shipping segments, which makes the market potential huge for the company. We believe in the LOHC technology and are excited to be part of developing new innovative and sustainable solutions for the industry”, continues Framnes.

Hydrogenious LOHC Maritime AS, headquartered in Norway/Haugesund, is owned 70 per cent by the German midstream player Hydrogenious LOHC Technologies GmbH and 30 per cent by the Norwegian shipping group Johannes Ostensjo dy AS.


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