Vision Energy Corporation is set to provide a project development update on the company’s Green Energy Hub in the Port of Vlissingen, Netherlands.
Through its fully-owned subsidiary Evolution Terminals BV, Vision Energy is finishing up the last of the necessary studies to enable submitting permit applications under the Dutch “WABO” process.
The first submission date has been targeted for 31 December.
Evolution Terminals is in advanced development of its 16.4 hectare site in the North Sea Port of Vlissingen, the Netherlands.
This will be Northwestern Europe’s first import, storage and handling terminal designed exclusively for hydrogen carriers, renewable energy products and low-carbon fuels.
Phase 1 development plan investment is estimated at EUR €450 million ($477 million) for up to 400,000 CBM of storage for green and low-carbon products and fuels.
The project will include investment in a new deep-water jetty, quay wall redevelopment, truck and rail loading facilities.
The company is also targeting FID towards the end of 2023.
The application includes the filing of an environmental permit, followed by a construction permit application for Phase 1’s 400,000 cubic metres (CBM) of capacity.
The latter will be submitted in phases, each of which will be designed in accordance with the commercial storage needs for the terminal’s upcoming planned expansion of its capacity for green and low-carbon energy products.
The company is on track to submit the comprehensive environmental impact assessment, also known as the “MER” or “Milieueffectrapport” in the Netherlands, by 31 January, 2023.
READ: Iberdrola outlines $1.17 billion green hydrogen plant in Australia
Several experts and specialists from Netherlands-based consultancy firms have concluded a portfolio of detailed studies to support the final permit applications.
Studies have included Spatial Layout, Planning and Design, detailed Quantitative Risk Assessments and Safety Reporting, Acoustic and Noise Impact Assessments, Air Quality calculations, Water handling, Fire Safety and Pilot Navigation Simulations for the Jetty.
