TIDMCHAR
Chariot Limited
02 August 2023
Reach
2 August 2023
Chariot Limited
("Chariot", the "Company")
Partnership Agreements Extend Collaboration on Green Hydrogen
Pilot Projects in Morocco
Chariot Green Hydrogen Limited, a subsidiary of Chariot Limited,
the Africa-focused transitional energy group, Mohammed VI
Polytechnic University (UM6P) and Oort Energy Limited (Oort) , are
pleased to have signed further Partnership Agreements to extend
their collaboration, as previously announced in November 2022, to
test the production of green hydrogen in Morocco. The agreements
are focused on the construction, commissioning and operating of an
electrolyser pilot project as well as further development of skills
and training within the sector.
The pilot 'proof of concept' project will utilise a 1MW polymer
electrolyte membrane ("PEM") electrolyser system, patented by Oort
and it is intended that this project will be hosted at UM6P's
Research and Development facility in OCP Jorf Lasfar, Morocco, the
largest fertilizer complex in the world.
The partnership will concurrently develop education and capacity
building at UM6P to support the growth of a green hydrogen economy
alongside evaluating the feasibility of the implementation of
large-scale green hydrogen and ammonia production, consistent with
the timetable initially envisaged.
"The signing of these two agreements is key for UM6P, indeed the
first one concerns the test of a new electrolyser technology with a
better performance to be more competitive in green hydrogen
production and second one concerns collaboration in education to
prepare skilled people for the need of this new activity in green
hydrogen and ammonia," stated Mohamed Bousseta, Director of
Innovate for Industry at UM6P.
" Testing the capacity of our electrolyser in an industrial
setting is a crucial part of our development planning. The
efficiency and durability of electrolysers will be integral in
ensuring that green hydrogen can be produced economically and on a
scalable basis. We are excited about this phase which will help
inform our future growth strategies ." said Nick van Dijk, CEO of
Oort.
"This partnership pools key resources as we are looking to
develop our knowledge and expertise in this sector for the benefit
of all involved . This endeavour is another step forward in Chariot
becoming a green hydrogen producer and will be of real value to our
project developments in Morocco and Mauritania as we confirm
electrolyser performances." added Laurent Coche, CEO of Chariot
Green Hydrogen.
Enquiries
Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams, CFO +44 (0)20 7318 0450
Cenkos Securities Plc (Nomad and Joint Broker)
Derrick Lee, Adam Rae + 44 (0)20 7397 8900
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton Clanfield +44 (0) 20 7710 7760
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea +44 (0) 20 7770 6424
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused transitional energy group with
three business streams, Transitional Gas, Transitional Power and
Green Hydrogen.
Chariot Transitional Gas is focused on a high value, low risk
gas development project offshore Morocco in a fast-growing emerging
economy with a clear route to early monetisation, delivery of free
cashflow and material exploration upside.
Chariot Transitional Power is focused on providing competitive,
sustainable and reliable energy and water solutions across the
continent through building, generating and trading renewable
power.
Chariot Green Hydrogen is partnering with Total Eren and the
Government of Mauritania on the potential development of a 10GW
green hydrogen project, named Project Nour.
The ordinary shares of Chariot Limited are admitted to trading
on the AIM under the symbol 'CHAR'.
https://chariotenergygroup.com
About Mohammed VI Polytechnic University (UM6P)
Mohammed VI Polytechnic University (UM6P) is a Moroccan
non-profit research university. Its main campus is located in
Benguerir, near Marrakech, with branches in Rabat and Laayoune. The
university is an applied research and innovation-oriented
institution committed to economic and human development, with a
focus on Africa.
UM6P prioritizes research and innovation relevant to Morocco and
Africa by focusing on topics such as industrialization, food
security, sustainable development, mining, behavioral and social
sciences. It federates a number of schools and research institutes,
covering science and technology (agriculture, mining, energy,
medicine, chemistry, computer science), social sciences and
business administration.
The University welcomed its first cohort of students in 2013
before being officially inaugurated on January 12, 2017. Since
then, it has continued to grow into a leading research institution
dedicated to collaboration between Africa and the rest of the
world. As such, UM6P has entered into numerous partnerships with
universities in Africa, Europe, Asia and the Americas.
https://um6p.ma
About Oort Energy
Oort is engaged in the research and development, manufacture,
delivery and installation of the next generation of hydrogen
electrolysers. Oort has a single mission - to make green hydrogen
universal. Oort Energy has developed technologies to make
electrolysis economical and sustainable with innovative,
proprietary solutions that blend performance and durability in
systems that deliver market-leading operational and capital
efficiencies.
https://www.oortenergy.com
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