Why should Morocco to take renewable electricity, make hydrogen and ship it to Europe so that the EU can achieve climate emissions reductions?
I assessed recently, and have lost well over 80% of their market cap since peak, indicative of the challenges related to due diligence and claims in the blank check company space.
While I rank the likelihood of Fusion Fuel’s claims being accurate to be low and the likelihood of their technology delivering 31,000 tons of reasonably priced hydrogen quite a bit lower, the good news is that initial plans are to use the hydrogen directly to manufacture ammonia to reduce fertilizer emissions.
that it used to import natural gas from Algeria which it is considering as a potential hydrogen distribution pathway,While short-sea hydrogen shipping isn’t quite as challenging as deep-sea shipping The next issue is boil-off. Liquid hydrogen boils at just over 24° over absolute zero, and so must be kept in very large diameter ball-shaped tanks with thick insulation. Even then, the absolute best case scenario is that 0.2% of the hydrogen will boil off every day that the ship is in port and in transit.
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