Chariot Ltd (AIM:CHAR, OTC:OIGLF) has signed a Memorandum of Understanding with the Port of Rotterdam International as a first step towards establishing supply chains to import green hydrogen and ammonia into the Netherlands and northwest Europe.
Through the deal, the two parties will work together to connect with off-takers and secure contracts for specific volumes.
Benoit Garrivier, Chariot’s Transitional Power CEO, said its green hydrogen project in Mauritania has the potential to establish the country as one of the world’s cheapest producers.
“Our ambition is to help the nation become one of the world's main producers and exporters of green hydrogen.”
René van der Plas, director of Port of Rotterdam International, added: “The project could turn Mauritania into a leading supplier of green hydrogen to Europe, making it one of the largest energy projects of its kind in the world."