Project development and consulting firm Kenesjay Systems Ltd. (Tacarigua, Trinidad & Tobago) has signed a Letter of Intent (LOI) with French hydrogen specialist HDF Energy to establish a partnership for the development of the NewGen Carbon-Neutral & Green Hydrogen project. The main partnership principles and terms are now under discussion for a comprehensive MoU that is expected to be signed this summer. This will signal a longer-term collaboration between the two firms for similar projects in the future.
By introducing a new source of carbon-neutral green hydrogen to the petrochemical sector of Point Lisas at a competitive cost, the NewGen Hydrogen Project will play a key role in the drive towards a decarbonizing transition of Trinidad & Tobago’s energy industry. The hydrogen will be generated on an industrial scale from carbon-neutral and renewable sources of electricity using an electrolysis process.
Globally, many organizations are developing sustainability and energy initiatives centered around hydrogen, including projects in Saudi Arabia, Denmark, Austria, New Zealand, Australia, Singapore, Germany, Chile, Spain and Japan.
This is one of several hydrogen-related projects for HDF. The company is also collaborating with ABB to develop hydrogen-powered marine vessels.
As a project developer and long term-investor, HDF Energy is strengthening its position in the Caribbean where it has successfully implemented the first hydrogen infrastructure participating to the decarbonization of the electricity sector in Martinique. Plans by the company are well underway for the construction of the world’s largest hybrid power plant with hydrogen storage in nearby French Guiana. A similar project is also under development in Barbados.
Their hydrogen expertise complements the rich experience that Kenesjay has had over its 20 year history of project development and consulting in the energy sector of Trinidad and Tobago. This combination promises to deliver the NewGen Project with exceptional results.
Expressing excitement at the collaboration, Damien Havard, CEO of HDF Energy says, ‘We are excited to be working with NewGen and Kenesjay which has extensive experience and in-depth knowledge of the energy sector in Trinidad. We believe that NewGen will be the gateway project to a green hydrogen economy in Trinidad and Tobago, and that the model can be successfully duplicated given the extensive local demand for hydrogen.”
Harvard also guaranteed that HDF will ensure that the project benefits from the best available technology, performance and cost efficiencies– resulting in competitive decarbonization of ammonia production. He also stated that “This partnership strengthens our unique position as the preferred infrastructure developer for hydrogen-related projects in the Caribbean and at the international level.”
Speaking at the signing of the LOI, Philip Julien, Managing Director of Kenesjay said, ‘We recognized the value that HDF Energy could bring to the NewGen project, as they have developed the first Caribbean based decarbonizing hydrogen project in an industrial context. HDF’s experience in large scale development projects within the region, and its active participation in a range of private competitive tenders for electrolysers, make them an ideal partner.”
He affirmed that as NewGen was incorporated by Kenesjay as its project sponsor, it will have access to Kenesjay’s deep knowledge of the petrochemical and energy sector in Trinidad and Tobago, and thereby become a pivotal player in the evolution of the local industry.
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