Chariot Ltd - Africa-focused transitional energy company - Signs a memorandum of understanding with the Port of Rotterdam International. Says this is the first step towards establishing supply chains for the distribution of green hydrogen and ammonia from its project in Mauritania. Notes that this will aid it in meeting the expected demand in the Netherlands and other countries in northwest Europe. Says the parties will work together to connect with off-takers and secure contracts for specific volumes.
"This MoU is a considerable step forward for us on our green hydrogen project and we are delighted to be working with the Port of Rotterdam, as they look to continue to cement their position as one of the leading energy hubs in Europe," Chief Executive Benoit Garrivier comments.
Current stock price: 19.78 pence, down 9.3% on Wednesday
12-month change: more than doubled from 9.17p
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Chariot (CHAR)