Author: NewGen Energy Ltd.

The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable  hydrogen economy for the energy sector of Trinidad and Tobago. On August 4th 2022, both  companies signed a non-binding Heads of Agreement (HOA), which outlines the framework  for the establishment of Binding Definitive Agreements between the relevant parties, once  acceptable terms can be reached.  

The HOA follows the signing of a Letter of Intent in May 2022, which expressed NGC’s  intention to work collaboratively with NewGen to further evaluate the development of  NewGen’s hydrogen production facility. This evaluation has rapidly progressed, and the signing of this HOA includes the commitment from NGC and NewGen to jointly establish  working teams that will now engage key related public and private stakeholders in this  ground-breaking project development of a cleaner energy supply for Trinidad and Tobago.  

The HOA is a further milestone that advancesthe country’s transition to a lower carbon future  through low-carbon and green hydrogen production. It is the next key step in the progression  of the development of the $250M USD NewGen hydrogen production facility in Point Lisas.  

Noting the significance of the HOA, NGC President Mark Loquan commented, “The NGC  Group has been progressively demonstrating its commitment to lead the energy sector of  Trinidad and Tobago into the new energy future. NGC is committed to collaborating with  NewGen and all critical stakeholders in developing a low carbon future. We are well 

positioned to support the country’s pursuit of a greener hydrogen economy, in a similar role that NGC played in the establishment of T&T’s existing world class hydrogen economy with  natural gas. Agreements such as this HOA with NewGen Energy, coupled with the right  partnerships, frameworks, and policies, has the ability to launch Trinidad and Tobago into a  position of global leadership in clean energy.”

“NewGen is delighted that our partnership with NGC continues to progress apace,” said Philip  Julien, Chairman of NewGen. “We are confident that our continued collaboration with NGC will lead to a further acceleration of the provision of Greener Hydrogen to Trinidad and  Tobago, and that the NewGen Project is advanced towards a final investment decision consideration as soon as possible. We look forward to engaging with NGC and all relevant  stakeholders, as we collectively contribute to the transition and decarbonisation of Trinidad  and Tobago’s energy sector.”

The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a non-binding Letter of Intent (LOI) with NewGen Energy Limited (NewGen), which expresses its intention to work collaboratively with NewGen to evaluate the development of NewGen’s hydrogen production facility. Subject to the commercial feasibility of this low-carbon project by all related stakeholders across the value chain, the parties will seek to enter into a non-binding Heads of Agreement as well as Definitive Agreements once acceptable terms can be reached between the parties.

 

Commenting on the LOI, President of NGC, Mark Loquan stated that “This LOI represents the next step between NGC and NewGen on deepening our collaboration towards the advancement on the first industrial scale low carbon hydrogen project in Point Lisas and the Caribbean. Once commercially feasible, the NewGen Project could potentially become a pivotal step towards medium to longer term decarbonisation of the petrochemical sector for Trinidad and Tobago, which is something that the NGC is committed to and working towards.”

 

“NewGen is pleased to be taking our collaboration with NGC to the next level through this LOI” says Philip Julien, Chairman of NewGen.  “We are committed to the establishment of a world-scale, world class, low carbon hydrogen production facility in Point Lisas, and are confident that this LOI with NGC will lead to greater collaboration with the other key stakeholders that will contribute to this shared vision of a decarbonising Trinidad and Tobago.”

 

Xxxxxx of HDF explained the strategic fit for his company: “Having recently acquired the majority ownership of NewGen, we are heartened by the signing of this LOI, as it symbolises a key step towards optimising conditions for further increasing our investment both in NewGen and by extension in the energy sector of Trinidad and Tobago.  In addition, given our international and regional history in low carbon hydrogen project development, we stand ready to support this expanded NGC/NewGen collaboration as much as possible, including through our international expertise in new hydrogen technology and “green” project financing.”

 

The LOI was signed at the Trinidad and Tobago Energy Conference on May 31^st 2022.

END

 

About NGC

The National Gas Company of Trinidad and Tobago Limited (NGC) and its subsidiaries are an integrated group of energy companies operating in Trinidad and Tobago’s energy sector, and with a growing presence in other jurisdictions. A profitable and high-performing state enterprise, parent company, NGC plays a pivotal role in Trinidad and Tobago’s gas-based energy sector and is strategically positioned along the entire natural gas value chain. Through its people, investments, strategic partnerships and pioneering gas pricing model, NGC has secured the profitability of the local gas-based energy sector and catalysed the social and economic development of Trinidad and Tobago for four and a half decades. With a strong history, financials, asset base and human capital, as well as a determination to respond to the imperatives of a greener global energy landscape, NGC and its subsidiaries represent ideal business partners to guide emerging energy territories through their process of development. Incorporated in August 1975 by the Government of Trinidad and Tobago as a 100% state-owned energy company, NGC has evolved into a highly reputable and profitable organisation with a wide-ranging portfolio of energy and nonenergy assets.

About NewGen

NewGen Energy Limited was locally incorporated in Trinidad and Tobago as a private sector special purpose vehicle for a proposed carbon-neutral and green hydrogen production project to be located in Point Lisas, Trinidad. The development of NewGen has been sponsored by Kenesjay Systems Limited (Kenesjay), a locally owned sustainable energy firm committed to leading the way to the Caribbean energy transition. Based in Trinidad and Tobago, the company is an affiliate of Kenesjay Systems Limited, and is dedicated to developing a pipeline of viable decarbonising and green project opportunities, which will create pioneering first-mover advantages for Trinidad, Tobago, and the Region. For more information about NewGen Energy visit www.newgenenergyltd.com

HDF acquires 70% of KGL’s NewGen project, the first industrial project to produce carbon-free hydrogen from a mix of renewable and energy efficient-sourced power in Trinidad

Bordeaux, 12th April 2022 – Hydrogène de France (“HDF Energy”) – mnemonic code: HDF – announces that it has acquired a 70% majority stake in the NewGen project in Trinidad, led by the local company Kenesjay Green Ltd (“KGL”). KGL, the project developer, will retain the remaining 30% of the share capital of NewGen, which will be jointly owned by KGL and an investment vehicle that will allow for the inclusion of additional local investors. HDF Energy is thus leveraging its technological expertise in hydrogen, its know-how in the development of green energy plants and its local presence in the Caribbean.

When completed, the 200+ Million USD NewGen plant will be the world largest clean hydrogen producing facility of its kind, using a smart combination of solar and energy efficiency-sourced power. It will competitively generate carbon-free hydrogen to meet 20% of the hydrogen requirement for an existing world-scale ammonia plant in the petrochemical hub of Point Lisas, Trinidad. Once up and running, the project will save approximately 200 000 t/CO2 per year.

As a global pioneer in hydrogen power, HDF will add its in-depth experience in hydrogen technologies, procurement and project finance, to the Trinidad-specific energy and ammonia expertise contained within the KGL project development team. This is the third major investment in the Caribbean this last year for HDF, which announced hybrid “Renewstable®” baseload power plants using green hydrogen and solar power in French Guiana and Barbados alongside its regional partner and investor, RUBIS.

Together, KGL and HDF will select the optimal electrolysis technology provider from a competitive evaluation process. KGL has also recently been granted the outline planning permission for the NewGen Project by the Ministry of Planning of Trinidad and Tobago, and has made progress in further confirming the economic and financial viability of NewGen.

Commenting on the HDF majority acquisition, KGL’s Chairman Philip Julien said, “ KGL welcomes this significant endorsement and investment in NewGen by HDF, and looks forward to our collaboration and sharing of expertise. Our partnership enables improved local access to international finance and technology, optimum opportunities for local ownership, and an acceleration of Trinidad and Tobago’s energy transition commitments.”

Damien HAVARD, CEO of HDF Energy said: “We believe we have the ideal partners in Kenesjay Green, given their extensive knowledge of the industry, business acumen and their commitment to local development. Our investment in NewGen affirms our belief that Trinidad and Tobago’s energy industry offers a unique opportunity for the development of world scale and cost competitive carbon-free Hydrogen. This project demonstrates that green solutions can effectively support the transition of hydrocarbon-based economies like Trinidad and Tobago – and HDF is poised to be a part of leading the change.”

ABOUT HDF ENERGY
HDF Energy is a global pioneer in hydrogen energy. HDF develops, finances and operates multi-megawatts Hydrogen-Power plants. These plants provide continuous or on-demand electricity from renewable energy sources (wind or solar), combined with high power fuel cells supplied by HDF.
HDF has developed the world’s first mass production plant for high-power fuel cells for energy, which will be commissioned in France in 2023. Through this activity, HDF Energy will also serve the maritime and data center markets.
HDF Energy is a powerful accelerator of the energy transition by offering non-intermittent, grid-friendly and on-demand renewable power. HDF is a company listed on the regulated market of Euronext Paris

ABOUT KENESJAY GREEN
Kenesjay Green Limited (KGL) is a locally owned sustainable energy firm committed to leading the way to the Caribbean energy transition. Based in Trinidad and Tobago, the company is an affiliate of Kenesjay Systems Limited, and is dedicated to developing a pipeline of viable decarbonising and green project opportunities, which will create pioneering first-mover advantages for Trinidad, Tobago, and the Region (www.kenesjaygreen.com). The NewGen Hydrogen Project is the first major initiative of KGL.

Project website: https://www.newgenenergyltd.com

Contacts
Press Relations HDF Caribbean
Thibault MENAGE, VP Caribbean thibault.menage@hdf-energy.com

Press Coordination for Kenesjay Green
Natasha David, Head of Compliance ndavid@kenesjaygreen.com

Kenesjay Green Limited (Ltd.) has selected the global engineering consulting firm io Consulting to perform Front End Engineering Design (FEED) work for the planned NewGen Limited Carbon Neutral / Green Hydrogen Project with 27,200 mtpy production capacity.  Scheduled for completion in 2025, this will be the first electrolysis-based hydrogen production facility to be built in Point Lisas, Trinidad, and one of the first of this scale in the world.

io Consulting will provide early-stage engineering and design services prior to final FEED award for the new hydrogen plant including execution of the assessment of Electrolyser Supplier Proposals received in response to a NewGen Request for Quotation (RFQ) inviting offers for Technology Supply. 

This decision follows the conclusion of an evaluation of proposals submitted by a number of internationally renowned engineering contractors, which were received in response to a Request for Proposal (RFP) for FEED services issued in Q2 2021. 

The new hydrogen plant is being built around the concept of capturing waste heat from industrial power generation facilities currently located in the Point Lisas Industrial Estate and converting such heat into electrical power to be used for the electrolysis of water to produce hydrogen. Other sources of green renewable power are also being secured, with new ones being developed. 

This carbon-neutral hydrogen will be used by the local Tringen Ammonia Facility to decarbonize its existing operations and provide a new source of hydrogen for ammonia production.  The NewGen plant will provide some 20% additional hydrogen feedstock required for the ammonia plant, becoming one of the first commercially viable new hydrogen production facilities globally.

Philip Julien, Chairman of the Board of KGL stated “I would like to celebrate this continuing partnership with io Consulting, as this company initially completed the Bankable Feasibility Study for the NewGen Project.   Their deep knowledge and the prospect of continuity of a highly experienced team into the FEED stage of the project will certainly augur well for the future. It will positively impact the project schedule, as FEED execution is on the critical path towards having the facility achieve startup and operations  in 2025. NewGen has confidence in the quality of work produced by io Consulting and values our collaborative and flexible working relationship as demonstrated during our successful execution of the Bankable Feasibility Study work scope. We therefore look forward with keen anticipation to once more partnering with the io Consulting team as we move to undertake the critical next phase.” 

Richard Dyson, Chief Executive Officer (CEO) of io Consulting, stated “our team of highly experienced industry experts is passionate about the new possibilities for Hydrogen in both transforming the energy sector with cleaner inputs and accelerating the decarbonization thrust. We look forward to working with the NewGen Team on this project, not only for what it brings to Trinidad and Tobago’s Energy Sector, but also to the World, as it is proof that we can be carbon neutral and industrial at the same time. We will ensure close communication with KGL as Project Owner and Developer, to ensure that the FEED-related requirements are addressed in a timely and professional manner.”

io Consulting is commencing its FEED-related work with NewGen, by initiating the final selection of a suitable  Electrolyser Technology Supplier, since the Electrolyser OEM Supply is a major component of the design for the overall NewGen Facility. 

 

About io Consulting:

io is a pioneering development consultancy firm as a joint venture between Baker Hughes and McDermott with the mission to work in the early front end of projects, bringing specific techno-economic expertise integrated with the access to technology and execution know-how of their parents and partner organizations. As specialist energy project architects, io helps their clients to conceptualize and design complex project developments, across the hydrocarbon and low carbon sectors. They operate in the earliest stages of the planning process, combining front end techno-economic consulting expertise with our Baker Hughes’ and McDermott’s deep domain execution and technical know-how to bring much greater certainty to the early stages of projects. As a systems integrator io ensures all elements of projects work together to achieve the objectives of the whole. Baker Hughes is a leading energy technology company, which designs, manufactures and services transformative technologies to advance the energy sector. McDermott is a premier, fully integrated provider of engineering and construction solutions to the energy industry with technology driven approaches to design and build infrastructure solutions for transforming the oil and gas sector. 

 

About Kenesjay Green Limited:

Kenesjay Green Limited is a regional energy revolution company that is dedicated to developing a pipeline of viable decarbonizing and green project opportunities that create pioneering first-mover advantages. KGL generate green-growth business opportunities in Energy Efficiency and Renewable Energy, Greening of Existing Industries, Leveraging the New Hydrogen Economy, Carbon Reduction and Transportation Transition. NewGen Energy Limited (NewGen), is the launch project of Kenesjay Green Limited and has embarked on the development of a proposed carbon-neutral/green hydrogen production facility – a first for Trinidad & Tobago. The NewGen project is centered on the development of the world’s first industrial-scale Carbon Neutral/Green Hydrogen Plant which will produce carbon-neutral hydrogen for downstream processing via a process of water electrolysis. The intent is to supply Low Carbon & Green Hydrogen (H2) to the Tringen Ammonia Facility in Point Lisas.