(Alliance News) - Eurasia Mining PLC announced on Thursday it was progressing its strategy within the hydrogen and ammonia markets following the securing of a number of agreements set to aid project development.
The Russia-focused mining and mineral exploration company said they had signed a joint venture agreement with H4Energy Joint-Stock Co to develop hydrogen and ammonia projects at its Kola and Sakhalin projects.
H4Energy is an engineering and development company which specialises in hydrogen and ammonia projects. The Kola project is located at the Kola Peninsula of north-west Russia and the Sakhalin project is on Sakhalin island in the Pacific ocean.
Support for the development of the projects was secured from the Deputy Prime Minister of Russia - Presidential Envoy to the Far Eastern Federal District, Yury Trutnev.
An agreement had also been signed with State Far East and Arctic Development Corporation for the procurement of land and energy supplies in relation to the projects, Eurasia Mining added.
Energy supply agreements were also in the process of being negotiated with regional suppliers, the company said.
By Heather Rydings; heatherrydings@alliancenews.com
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Eurasia Mining (EUA)