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Chariot Ltd - Africa-focused transitional energy company - Completes feasibility study at its ‘Project Nour’ large-scale green hydrogen venture in Mauritania. Nour is a 50:50 joint venture between Chariot’s subsidiary Chariot Green Hydrogen and TE H2, a company owned by TotalEnergies SE and Eren Group SA. The next steps for the project include the completion of an investment framework, an engineering conceptual study, and offtake negotiations. A 2022 pre-feasibility study indicated that, with up to 10 gigawatts of electrolysis installed, Nour could become ‘one of the largest green hydrogen projects globally’, Chariot says. The company intends to execute a phased development, beginning with an initial renewable capacity of 3 gigawatts, to produce up to 150,000 tonnes of green hydrogen annually. The project’s proximity to Europe and the deep-sea port at Nouadhibou also provides Nour with ‘favourable export options’, Chariot adds. Current stock price: closed down 4.9% at 7.38 pence per share in London on Monday 12-month change: down 51% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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