Brooge Energy Ltd Engages Thyssenkrupp Uhde to Undertake a Technical Study for its Planned Green Hydrogen and Ammonia Plant in the UAE Using the Latest Technology
21 Septembre 2022 - 10:05PM
Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a
Cayman Islands-based infrastructure provider, which is currently
engaged in clean petroleum products and biofuels and crude oil
storage and related services, announced today that it has engaged
thyssenkrupp Uhde, a leading German chemical technology and EPC
provider, including climate protection, to undertake the technical
study of its planned Green Hydrogen and Green Ammonia plant.
The study will cover the green hydrogen
production facilities, the ammonia plant, and the associated
utilities. The study aims to provide cost estimates for capital and
operating expenditures, EPC timeline, and selected process and
layout documents. The Company plans to commence the study shortly
with the final report expected to be delivered during fourth
quarter 2022.
Mr. Nicolaas Paardenkooper, Chief Executive
Officer of Brooge Energy, stated, “Engaging thyssenkrupp Uhde is
another important step in our transition to clean energy. Global
demand for clean energy sources has been strong and is expected to
accelerate in the coming years. We are excited to begin the process
of bringing this highly anticipated project to reality through
engaging with the appropriate partners to see the project to
completion. We have been at the forefront of the clean energy
movement and our goal is to be one of the first private companies
to successfully implement a green hydrogen/ ammonia project in UAE
and demonstrate its economic and environmental benefits on local
and global scale.”
As previously announced on June 28, 2022, the
Company established Brooge Renewable Energy Ltd (“BRE”), a wholly
owned subsidiary of Brooge Energy to focus on green energy related
infrastructure activities. At the same time the Company announced
that BRE, as a first step, planned a Green Hydrogen and Green
Ammonia plant in Abu Dhabi that is targeted to now produce up to
600,000 MT green Ammonia per annum in its second phase and has
signed a preliminary land lease agreement for a 150,000 square
meter plot that will accommodate the project. “BRE” currently
expects to begin construction of this facility in 2023.
About Brooge Energy Limited
Brooge Energy Ltd, is a Cayman Islands-based infrastructure
provider now intending to focus on renewable energy infrastructures
and biofuels, next to clean petroleum products, crude oil storage
and related services. The company conducts its business and
operations through its subsidiaries Brooge Renewable Energy, Brooge
Petroleum and Gas Investment Company FZE, and Brooge Petroleum and
Gas Investment Company Phase 3 FZE (BPGIC). BPGIC, the Company’s
primary operating subsidiary that focuses on midstream oil storage
and other services, is strategically located outside the Strait of
Hormuz at the Port of Fujairah in the Emirate of Fujairah in the
UAE. The Company differentiates itself from competitors by
providing customers with fast order processing times, excellent
customer service and high accuracy blending services with low
product losses. For more information, please visit
at www.broogeenergy.com.
About thyssenkrupp
Uhdethyssenkrupp Uhde combines unique technological
expertise and decades of global experience in the engineering,
procurement, construction, and service of chemical plants.
thyssenkrupp Uhde develops innovative processes and products for a
more sustainable future and thus contributes to the long-term
success of customers in almost all areas of the chemical industry.
Their portfolio includes leading technologies for the production of
basic chemicals, fertilizers, and polymers as well as complete
value-chains for green hydrogen and sustainable chemicals.
www.thyssenkrupp-uhde.com
Forward-Looking StatementsThis
press release contains statements that are not historical facts,
including the Company’s anticipated shift towards green energy and
targeted production at BRE’s planned Green Hydrogen and Green
Ammonia plant and constitute “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Such statements reflect
management’s current views based on certain assumptions, and they
involve risks and uncertainties. Actual results, events or
performance may differ materially from the forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including availability of
labor and other resources needed to for completion of the new
plant, timing of obtaining regulatory approvals needed with respect
to the new facility, the Company’s ability to complete construction
and initiate operations of the new facility on the anticipated
timeline or at all, the Company’s ability to maintain the lease for
the new facility, and other risks described in public reports filed
by Brooge Energy with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Brooge Energy does not undertake any obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor ContactKCSA Strategic
CommunicationsValter Pinto, Managing Director+1 212-896-1254
BROG@kcsa.com
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