io consulting (io) has been awarded a contract for a bankable feasibility study (BFS) by NewGen Energy Limited (NewGen) to support development of a proposed carbon-neutral/green hydrogen production facility in T&T.
The hydrogen output from the project is intended as a “green” input to ammonia production at the Trinidad Nitrogen Company (Tringen) facilities in the Point Lisas Industrial Estate.
This is a joint venture of Baker Hughes and McDermott.
The project will focus on production of hydrogen from an industrial electrolysis process powered by carbon-neutral electricity and “green” electricity from renewable sources. By harnessing renewable natural resources and excess heat from T&T’s power plants it is hoped the NewGen project will contribute to T&T energy transition of its hydrocarbon-based industrial complex.
The Business Guardian last week reported exclusively that NewGen had signed an MOU with Tringen for the production and use of hydrogen in its ammonia production.
“There are significant and positive implications for this project. Once successful, the project will open the door to greener petrochemical products from Trinidad & Tobago, including green and carbon-neutral ammonia,” Philip Julien, NewGen’s Managing Director said. “We selected io because they offered the best combination of expertise, deep domain technical know-how and an agile project approach which will bring a robust solution for the project.“
Parent companies - Baker Hughes and McDermott – have a long history of involvement along the entire value chain of the Trinidad and Tobago energy sector. This, along with their demonstrated ability in early front end project work and in delivering techno-economic expertise for similar type projects is said to have made it a logical fit for the NewGen Project.
Among other undertakings, io will perform a technical due diligence assessment which will identify, evaluate and explore commercially available electrolysis technologies to determine the optimum technology and supporting facilities required to progress to the next project stage.
Once completed, the results of this study will be used in part to support and inform any related decisions by Tringen as the proposed off-taker of an estimated 27,000 metric tonnes per year of carbon-neutral and green hydrogen. The Tringen facility is jointly owned by the government of Trinidad and Tobago and Yara.
Commenting on the award, Richard Dyson, CEO of io consulting said, “io is delighted to have been engaged by NewGen on this pivotal project for Trinidad & Tobago and to be a part of this innovative move towards energy transition.” He explained that ‘io will draw on its unique combination of technical capabilities, proven expertise and sound practices in front end loading to successfully deliver this project.”