Benzinga | May 6, 2021 12:35PM EDT

Fusion Fuel Green PLC Announces Partnership With Consolidated Contractors Group To Develop Green Hydrogen Demonstrator Plant In Middle East

Fusion Fuel Green PLC (NASDAQ:HTOO), ("Fusion Fuel", or "the Company"), a green hydrogen technology company, is pleased to announce that it reached a collaboration agreement with Consolidated Contractors Group S.A.L. (Offshore) ("CCC"), to develop green hydrogen plants in the Middle East.



CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar.

"We are delighted to be partnering with the CCC to open this new market," explained Joao Wahnon, Head of Business Development at Fusion Fuel. "The Middle East represents a big opportunity and a very promising region for us, given the high levels of solar exposure, strong appetite for green hydrogen projects, and strategic geographic position between Europe and Asia. We are excited to bring Fusion Fuel's revolutionary technology to the Middle East."

Dori Barakat, Director of Business Development at CCC added: "We are very pleased to cooperate with Fusion Fuel towards the building of Green Hydrogen and Ammonia plants and to bring our expertise in construction projects, particularly in the Middle East. This cooperation between our companies will generate new opportunities in the development of green energies."