The California facility is expected to produce up to 2,400 metric tons per year of hydrogen and come online in first-quarter 2024, the companies say.
Perma-Pipe International Holdings will hold 60% of the joint venture, while Zamil Industrial Investment subsidiary Gulf Installation Group will hold the remaining 40%.
The project aims to produce 150,000 mt of blue ammonia and 10,000 mt of blue hydrogen annually, according to a Jan. 4 news release from CRC.
Equinor and RWE’s partnership will strengthen Europe’s energy supply security during its transition away from coal and other CO₂-heavy energy sources.
Along with land restoration efforts, Tallgrass will allocate $3 million towards community reclamation.
The investment opens up opportunities to explore low-carbon energy business development.
Further collaboration is on the horizon as the companies and two other deals are expected to be completed in 2023.
The companies intend to contribute to Europe’s renewable energy sector with their combined PV technologies.
The charter agreement comes as ADNOC L&S begins repurposing older vessels to extend their life.
The joint venture's project is anticipated to capture approximately 25,000 tons of CO2 from one of Eni's treatment facilities.