REG - Chariot Limited - Green Hydrogen MoU with the Port of Rotterdam

ChariotAnnouncement

06/04/2022 07:00

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RNS Number : 3938H  Chariot Limited  06 April 2022

 

 

 

 

 

 

 

6 April 2022

 

 

Chariot Limited

("Chariot", the "Company" or the "Group")

 

Green Hydrogen MoU with the Port of Rotterdam

Progressing distribution channels to help meet European energy demand for
Hydrogen

 

Further to the Company's announcement on 27 September 2021, relating to the
green hydrogen project in Mauritania, Chariot (AIM: CHAR), the Africa focused
transitional energy company, is pleased to announce that it has signed a
Memorandum of Understanding ("MoU") with the Port of Rotterdam International,
a global energy hub and Europe's largest seaport which handles a significant
portion of Europe's total energy demand.

 

The MoU represents a first step towards establishing supply chains to import
green hydrogen and ammonia to meet expected demand in the Netherlands and
other countries in Northwest Europe. The two parties will work together to
connect with off-takers and secure contracts for specific volumes.

 

 

René van der Plas, Director of Port of Rotterdam International, stated:

 

"We are excited to be teaming up with Chariot, to help with the distribution
element of their green hydrogen project in Mauritania. The project could turn
Mauritania into a leading supplier of green hydrogen to Europe, making it one
of the largest energy projects of its kind in the world."

 

Benoit Garrivier, Chariot Transitional Power CEO, commented:

 

"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.
Our green hydrogen project in Mauritania has the potential to establish the
country as one of the cheapest producers of green hydrogen. Our ambition is to
help the nation become one of the world's main producers and exporters of
green hydrogen. We look forward to announcing further developments with this
project in due course."

 

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European
Union (Withdrawal) Act 2018.

 

 

For further information please contact:

 

 Chariot Limited                                    +44 (0)20 7318 0450

 Adonis Pouroulis, Acting CEO

 Julian Maurice-Williams, CFO

 Cenkos Securities Plc (Nomad & Joint Broker)       +44 (0)131 220 9100

 Derrick Lee, Adam Rae

 Peel Hunt (Joint Broker)                           +44 (0)20 7418 8900

 Richard Crichton, David McKeown

 Celicourt Communications (Financial PR)            +44 (0)20 8434 2754

 Mark Antelme, Jimmy Lea

NOTES FOR EDITORS:

 

About Chariot

 

Chariot is an African focused transitional energy group with two business
streams, Transitional Gas and Power.

 

Chariot Transitional Gas is a high value, low risk gas development project
offshore Morocco with strong ESG credentials in a fast-growing emerging
economy with a clear route to early monetisation, delivery of free cashflow
and material exploration upside. Chariot Transitional Power, looking to
transform the energy market for mining operations in Africa, providing a giant
largely untapped market with cleaner, sustainable, and more reliable power.
Additionally in September 2021, Chariot announced its partnership with the
Government of Mauritania for the potential development of a large-scale green
hydrogen project.

 

The ordinary shares of Chariot Limited are admitted to trading on the AIM
under the symbol 'CHAR'.

 

 

 

 

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