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Saturday, December 3, 2022

Vision Hydrogen Corp (OTCMKTS: VIHD) Powerful Run Northbound as the Company’s 100% Owned Green Energy Hub Development Project in Vlissingen Ramps Up

Vision Hydrogen Corp (OTCMKTS: VIHD) has been making a powerful run up the charts over the past week running from $5 on Monday to a close of $20 per share on Friday, up another 25% on $1.7 million in dollar volume on the day. While the stock is thinly traded is  does have a history of explosive moves up the charts skyrocketing from $2.50 in December 2020, to highs of $50 per share in January 2021. 

The move up comes after VisionH2 finalized conceptual layouts and functional requirements 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 Hydrogen Corp (OTCMKTS: VIHD) VisionH2 is a renewable energy company developing clean hydrogen production facilities for the commercial, industrial and transportation sectors. VisionH2 is leveraging its proven track-record in site procurement and permitting, accelerating pre-development and grid integration to produce low-carbon and green hydrogen. By establishing and negotiating long-life power supply commitments the Company ensures reliable offtake relationships with industry participants seeking to utilize hydrogen as fuel, feedstock, and as a grid balancing & capacitance solution. VisionH2 is committed to providing the lowest carbon solution with the highest yield hydrogen production, storage and distribution services for the European renewable economy and supply chain. VisionH2 has two industrial projects currently under development in the Netherlands; its 100% interest in its Vlissingen green hydrogen development project and its 50% interest in its Terneuzen green hydrogen development project. VisionH2 is a portfolio company of First Finance, a private equity investment group with offices in Zurich, London and Vancouver. 

The Company’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. 

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VIHD

The Company’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. 

On November 4 VIHD announced it has engaged DGMR (“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.

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Currently trading at a $420 million market valuation VIHD is fully reporting SEC filer OTCQB with $5.5 million in the treasury and is virtually debt free with no convertible notes 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. VIHD made a spectacular run back in January 2021 from $2.50 to $50 in a month and that move ended as fast as it started and it may do something similar this time around as well. We will continue to report on this situation as it unfolds and more information becomes available. We will be updating on VIHD when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in VIHD either long or short and we have not been compensated for this article.

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