Hydrogenious LOHC Technologies has received a €17m investment for its liquid organic hydrogen carrier (LOHC) technology.

Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures share the German company’s vision of making LOHC-based hydrogen infrastructure a reality.

The strategic international investors are committed to developing the LOHC technology as an essential component of the international hydrogen infrastructure.

“We warmly welcome our new investors and are very excited to work with them as strategic partners who share our vision of a LOHC-based worldwide hydrogen infrastructure,” said Daniel Teichmann, CEO of Hydrogenious LOHC Technologies.

“With these investments, our company will be strengthening our international industrial base, using the funding to bring additional projects to market.”

Interview of the Month: Hydrogenious LOHC Technologies

The operational expertise of Vopak and the other new investors will enable international distribution of renewable energies via hydrogen.

Stored in the carrier oil, hydrogen can be transported as easily and efficiently as conventional liquid fuels.

Deployment global LOHC-hydrogen Infrastructure in USA (c) Hydrogeniouis LOHC Technologies

Source: Hydrogeniouis LOHC Technologies

Deployment global LOHC hydrogen Infrastructure in the US

“The combination of Vopak’s global terminal and knowledge network with this LOHC technology is a breakthrough in the storage and logistics of renewable energies,” said Marcel van de Kar, Director New Energies at Vopak.

“This strategic partnership will facilitate development of transregional and global transport of hydrogen and contribute to the development of hydrogen-based economies.”

Junya Nagase, General Manager for Precious Metals, Mineral Resources Trading Division, Mitsubishi Corporation, added, “Asian countries have recognised hydrogen as a valuable energy carrier and the LOHC technology is expected to provide an economical viable solution that is ideal for storing large volumes of hydrogen in densely populated urban areas as well as distributing it over long distances.”

“We expect that LOHC will play an important role in Asian energy market in the future.”

“Affordable and clean energy is a key issue for the chemical industry, and we believe hydrogen has the potential to become an important energy vector in the future,” highlighted Dietrich Firnhaber, Head of Strategy & Portfolio Development from Covestro.

“We do believe that the LOHC technology is a promising solution for its transportation and storage.”