Chariot enters Morocco hydrogen pilot collaboration

The AIM-traded firm said that using a polymer electrolyte membrane electrolyser system, patented by Oort, which splits water to produce hydrogen and oxygen using renewable energy, the partnership would run initial proof-of-concept projects while evaluating the feasibility of large-scale green hydrogen and ammonia production.

With Chariot's experience in evaluating the economic viability of such projects, along with UM6P's network and expertise in-country, the company said the partnership would concurrently develop education and capacity building around green hydrogen and ammonia production.

It said it intended that one of the pilot projects would be hosted at the research and development facility in OCP Jorf Lasfar, Morocco.

“We are very pleased to be working alongside Oort and UM6P in evaluating the viability of another significant green hydrogen project and expanding our footprint beyond our work in Mauritania into Morocco,” said chief executive officer Adonis Pouroulis.

“Chariot's ambition is to become one of the world's leading green hydrogen producers and ensuring access to reliable, cost-efficient electrolyser capacity will be a vital part of our pathway to production.

“We look forward to getting started on this pilot as well as collaborating on other projects of this nature in the future.”

At 1334 GMT, shares in Chariot were up 1.56% at 14.63p.

Reporting by Josh White for Sharecast.com.