Provaris Energy Ltd has signed a Memorandum of Understanding (MOU) with global shipping leader Kawasaki Kisen Kaisha— known as “K” LINE — to advance the commercialisation of Provaris’ compressed hydrogen carriers.
The partnership with “K” Line will support Provaris’ bid to become a leader in the hydrogen transport sector, particularly in Europe, where 7 million tonnes of low-carbon hydrogen are expected to be required.
Through its accumulated knowledge and global shipping expertise, “K” LINE will offer technical, commercial, and operational assistance to Provaris.
The company’s managing director and CEO, Martin Carolan said: "This MOU represents a key milestone for Provaris in the development of our regional shipping solution as we look to address Europe’s significant import requirement for hydrogen by 2030.”
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