Glenfarne Energy Transition, LLC a wholly owned subsidiary of Glenfarne Group, LLC, focused on addressing the “here and now” global energy transition announces the formation and launch of its Glenfarne Hydrogen Fuels Initiative. The initiative aims to produce sustainable, zero carbon hydrogen-based fuels. In conjunction with its liquefied natural gas (“LNG”) business, Glenfarne will continue to support its clients, customers, and partners in Asia, Europe, and the Americas in the energy transition.
Hydrogen-based fuels use hydrogen as the primary source of energy and generate little to no greenhouse gas emissions. They have a wide variety of applications across different industries, making them a versatile supplement to fossil fuels.
“Our 700 strong Glenfarne Energy Transition team has been fielding an increasing volume of inquiries from our customers, and business partners to collaborate on hydrogen-based fuels,” said Brendan Duval, CEO and Founder of Glenfarne Group and Glenfarne Energy Transition. “Glenfarne is engaged with several LNG stakeholders to help them use LNG as a long-term bridge to their domestic carbon targets, which ultimately includes the transition to hydrogen-based fuels. Our LNG customers will have preferential access to secure these hydrogen-based fuels from our projects.”
Glenfarne’s Hydrogen Fuels Initiative includes projects in Chile, Texas, and Louisiana, which together will produce approximately 1,500 kilotons of ammonia.
“Glenfarne’s Hydrogen Fuels Initiative will be transformational to how LNG customers and European and Asian governments will view gas imports. Alongside our LNG platform, we will be uniquely able to offer more definitive solutions for green-ready hydrogen infrastructure buildout and support their future demand for green hydrogen-based fuels,” Duval added.
Besides its hydrogen-based fuel projects, Glenfarne’s existing assets include 14 grid stability power plants, 29 renewable assets and two LNG export projects – Texas LNG and Magnolia LNG – approved for 12.8 million tonnes per annum (“MTPA”) of export capacity, 4,500 miles of gas pipelines, and 13 gas processing plants. With an experienced management team and a meaningful track record of success, Glenfarne Energy Transition brings a unique combination of project development skills, physical locations, and knowledge of global energy markets relating to hydrogen-based fuels.
SOURCE: Businesswire