Mauritania, Chariot Signs Memorandum of Understanding (MoU) for Development of Large-scale Green Hydrogen Project
By Richard Adorsu-
NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – The Government of Mauritania, through the Ministry of Petroleum, Mines & Energy and Chariot, the Africa focused transitional energy company, announced the signing of a Memorandum of Understanding (MoU) to progress a potential green hydrogen development, denominated as Project Nour, of up to 10GW.
Project Nour has been given exclusivity over an onshore and offshore area totaling approximately 14,400 km2 to carry out pre-feasibility and feasibility studies with the intention of generating electricity from solar and wind resources to be used in electrolysis to split water to produce green hydrogen and oxygen. The traditional method for creating hydrogen splits natural gas into hydrogen as well as carbon dioxide, a contributor to climate change.
Abdessalam Ould Mohamed Saleh, Minister, Mauritania Ministry of Petroleum, Mines & Energy: “Developing Mauritania’s green hydrogen industry promises to bring a combination of environmental, economic and social benefits to our country. We have the potential, and desire, to be a world leader in the field of hydrogen production from renewable energy sources. The Ministry is pleased to have signed this agreement with Chariot and hopes for a long and rewarding partnership.”
Chariot will deploy its in-house team who have a track-record of successfully delivering large renewable projects in Africa to immediately commence work on assessing the wind and solar resources, environmental impact as well as macroeconomic and social impact studies.
Benefiting from Mauritania’s world class solar and wind resources, Project Nour has the potential to allow Mauritania to produce the cheapest green hydrogen in Africa and to become one of the world’s main producers and exporters of green hydrogen and its derivative products, close to potential large European markets. These products have the potential to replace traditional fossil fuels in both power generation and chemical manufacturing processes, with a significant reduction in associated emissions of greenhouse gases such as carbon dioxide.
Adonis Pouroulis, Acting CEO, Chariot: “I am very excited by today’s announcement of this agreement with the goal of quickly realizing the potential of green hydrogen. In Mauritania, Chariot has a history of previous significant investments and bringing in world-class partners to projects, and we are looking forward to working with the Government of Mauritania again to fast-track Project Nour. This is a potential large new market, set to bring multiple benefits to all parties and deliver positive impact to Mauritania. We thank the Government of Mauritania for the opportunity to partner with them on what we believe will be one of Africa’s largest projects of its kind and look forward to providing updates regarding the near-term pre-feasibility study and beyond.”
For New Africa Business News Richard Adorsu Reports, Africa Correspondent