Vision Energy Inc., (OTCMKTS: VIHD) continues to run higher in recent trading rocketing up another 10% on Wednesday on just under $2 million in dollar volume after the Company affected a 1 for 2 forward stock split and announced a change of name to “Vision Energy Corporation”. The Company’s common stock will trade under the symbol VIHDD for 20 business days to designate the forward split, after which the Company will be assigned a new ticker symbol. As a result of the Forward Split, the number of outstanding common shares will be increased from 21,048,776 to 42,097,552 and the number of authorized shares will be increased from 100,000,000 to 200,000,000.
Vision Energy has a history of explosive moves up the charts skyrocketing from $2.50 in December 2020, to highs of $50 per share in January 2021. Now the stock is rocketing northbound once again as the Company finalized conceptual layouts, hired environmental consultants and engaged QHSE consultants for its Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands. Phase 1 Development Plan of the 100% owned project designed for the construction of approximately 400,000 cubic meters (CBM) of renewable liquid bulk storage capacity comprising 150,000 CBM allocated to Green Ammonia, 180,000 CBM allocated to Renewable Methanol and 70,000 CBM allocated to Biofuels and Liquid Organic Hydrogen Carriers (LOHC).
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Vision Energy Inc., (OTCMKTS: VIHD) is an integrated energy company developing assets and solutions for the commercial, industrial and transportation sectors. Leveraging its proven track-record in site and asset procurement, accelerating development and permitting processes, plant design, and grid integration to facilitate low-carbon energy production, supply and distribution. The Company pursues reliable offtake relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and or distribution of reduced-carbon energy to domestic and global supply chains. Vision Energy is a portfolio company of First Finance, a private equity investment group with offices in Zurich, London and Vancouver.
Vision Energy’s 50% owned Terneuzen green hydrogen development project located in the North Sea Port of Terneuzen, Netherlands, in partnership with Virya Energy, is developing a 25 MW green hydrogen production facility with tube-trailer loading and integrated distribution facilities. This scalable platform allows the partnership to scale up production capacity at this Site to 75 MW. At 25 MW the plant will produce up to 3.5 million kilograms of green hydrogen per year, and up to 10.5 million kilograms of H2 output at 75 MW. The Project Site is strategically located near existing high voltage power and gas infrastructure as well as large renewable power producing assets for the supply of green electrons and large industrial customers for future offtake of clean hydrogen. Less than 1,500 metres from the Project Site is the 150kV ground station of TenneT, the Dutch national high voltage grid operator, and less than 1,400 metres away is the connection point to the Yara-Dow-Zeeland Refinery Pipeline which may be repurposed for H2 transport to the Zeeland Refinery in future. Adjacent to the Project Site is the Ghent-Terneuzen Canal, providing water access to the major European Port of Ghent. VisionH2 and Virya plan to build the initial 25 MW electrolysis plant using proven, commercially available technology. Projected development costs for the initial phase of the project are estimated at €35 – €40 million.
Vision Energy’s 100% owned Vlissingen green hydrogen development project located in Vlissingen (Flushing) Netherlands is currently in its Phase 1 Development Plan designed for the construction of approximately 400,000 cubic meters (CBM) of renewable liquid bulk storage capacity comprising 150,000 CBM allocated to Green Ammonia, 180,000 CBM allocated to Renewable Methanol and 70,000 CBM allocated to Biofuels and Liquid Organic Hydrogen Carriers (LOHC). Phase 1 CAPEX is estimated at EUR €450 million, including jetty infrastructure. The Green Energy Hub for the storage and distribution of low carbon Renewable Fuels and Hydrogen carriers, is strategically located in Vlissingen (Flushing) at the mouth of the Westerschelde estuary in the Netherlands and is well positioned to be the first terminal in Europe focussed on the storage of low carbon and renewable fuels. The concept layouts and functional requirements include provision for the further expansion of the Company’s storage capacity, to facilitate increasing volumes of Renewable Methanol and Green Ammonia as efficient carriers of Hydrogen for import and distribution to North-western Europe.
NEWS: $VIHD InvestorNewsBreaks – Vision Hydrogen Corporation (VIHD) Announces Partnership with QHSE Expert on Green Energy Hub Development Project
#MWN #Stocks $NRSCF $MASN $LUXFF $ROG via @marketwirenews
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Earlier in November Vision Energy engaged DGMR, a Netherlands-based engineering consultancy, for environmental studies and planning services for the Company’s pioneering Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands. This comes after the Company finalized conceptual layouts and engaged BMD Advies South-Netherlands (“BMD”) for environmental and construction permit coordination services for the project.
On November 7 Vision Energy announced it has approved a 1 for 2 forward stock split and a change of name to “Vision Energy Corporation”. Effective as of the opening of market trading on November 8, 2022, the Company’s common stock will trade under the symbol VIHDD for 20 business days to designate the forward split, after which the Company will be assigned a new ticker symbol. The new CUSIP number for the Company’s common stock is 92837Y200. As a result of the Forward Split, the number of outstanding common shares will be increased from 21,048,776 to 42,097,552 and the number of authorized shares will be increased from 100,000,000 to 200,000,000.
It is not necessary for shareholders holding shares of the Company’s common stock in certificated form to exchange their existing stock certificates for new stock certificates of the Company in connection with the Forward Split, although shareholders may do so if they wish. Shareholders should direct any questions concerning the Forward Split to their broker or the Company’s transfer agent, VStock Transfer, at 212-828-8436.
$VIHD 8-K VISION HYDROGEN (7 Nov, 4:38pm)
— CapEdge Feed (@investor_feed) November 7, 2022
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Currently trading at a $510 million market valuation Vision Energy is a fully reporting SEC filer OTCQB with $5.5 million in the treasury and is virtually debt free with no convertible debt on the books. The stock has been rocketing northbound over the past week as the Company has put out a number of press releases as things ramp up for its 100% owned Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands. The stock made a spectacular run back in January 2021 from $2.50 to $50 in a month and is embarking on another big run now which may end similar to the last move. Vision Energy will be trading as VIHDD for the next 20 trading days, after which the Company will be assigned a new ticker symbol. We will continue to report on this situation as it unfolds and more information becomes available. We will be updating on VIHDD when more details emerge so make sure you are subscribed to Microcapdaily.
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Disclosure: we hold no position in VIHDD either long or short and we have not been compensated for this article.