Chariot Completes Mauritania Green Hydrogen Feasibility Study

Monday, March 11, 2024

Chariot Energy Group announced the completion of its Feasibility Study for a large-scale green hydrogen project dubbed Project Nour in Mauritania.

Project Nour is held equally through a 50/50 partnership between Chariot’s fully owned subsidiary Chariot Green Hydrogen and TEH2, a company co-owned by TotalEnergies and EREN Group, and is being developed with the support of Mauritania’s Ministry of Petroleum, Energy and Mines.

Highlights:

• Further definition of the scale and viability of the project, building on the Pre-Feasibility Study completed in 2022 which confirmed that with up to 10 GW of electrolysis installed, Project Nour could become one of the largest green hydrogen projects globally.
• Intention to execute a phased development with a first phase renewable capacity of 3 GW, powering up to 1.6 GW of electrolysis capacity, to produce 150 kt of green hydrogen per annum.
• Offtake possibilities: domestic use for green steel production and export of green ammonia
• Geographical proximity to Europe and existing deep-sea port at Nouadhibou provides favorable export options.
• Sustainable economic development with local content plan aimed at maximizing employment and business opportunities in Mauritania.
• Completed in compliance with Equator Principles and IFC Performance Standards.
• Next steps include completion of investment framework, engineering conceptual study and offtake negotiations.

H.E. Minister Nani Chrougha of the Mauritanian Ministry of Petroleum, Mines and Energy, commented: “With the completion of the feasibility study of Project Nour, Mauritania has just taken an important step forward on the path to realizing its green hydrogen ambitions. We are fully committed to the development of this sector, our aim is to be the largest producer and exporter of hydrogen on the African continent and we believe that Project Nour could support this objective.

“We are pleased to have recently received considerable, high-level support from the European Commission, with Mauritania being selected as a key partner in the EU’s Global Gateway initiative for future hydrogen exports and green steel production. This highlights opportunities that will be mutually beneficial in the long term. Our will is firm to continue to coordinate with our partners and encourage the industry through the development of major energy projects such as Nour.”

Laurent Coche Chariot Green Hydrogen CEO commented, “This Feasibility Study further corroborates how important this project stands to be within the context of the future green hydrogen market. Nour’s size and scale has the potential to have a material impact both as a domestic and export producer and we are proud to have set the development along this path. With TE H2 and the Government we will continue to look at how best to bring it into production to maximize value in the near and long term for the benefit of all stakeholders.”

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