The Republic of Niger and Emerging Energy Corporation, based in Germany, sign an agreement to develop green hydrogen in Niger

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DGAP-News: Emerging Energy Corporation (EEC) / Keyword(s): Agreement
21.02.2022 / 18:10
The issuer is solely responsible for the content of this announcement.

The Republic of Niger and Emerging Energy Corporation, based in Germany, sign an agreement to develop green hydrogen in Niger

Frankfurt am Main, 21st February 2022

The Government of the Republic of Niger announced today that it has signed an agreement with Emerging Energy Corporation (EEC) (EmEnergyCorp.com), one of Germany‘s leading providers of energy solutions, to work together to explore and the development of commercial green hydrogen projects in Niger.

Emerging Energy Corporation will also invest in various projects aimed at decarbonizing oilfield operations and refineries in Niger with carbon capture technologies. Green hydrogen will be produced in Niger by electrolysis, using renewable energy. This low-carbon solution will decarbonize emissions-intensive industries in Niger, Africa, Europe and other countries that rely heavily on fossil fuels.

The Government of Niger and Emerging Energy Corporation believe that hydrogen is crucial for Europe, America and Africa in our march towards a net-zero emissions future.

Both parties will find opportunities to enable demand for the product and prepare Niger to become a hub for green hydrogen production in the region. The green hydrogen produced in the Republic of Niger is an important driver for accelerating industrial decarbonization and contributing to the electrification of processes, since it is obtained from renewable sources, in addition to generating a more competitive and decentralized dynamic by joining different market segments.

The partnership is extremely relevant for the Republic of Niger, European and American markets. The two sides met in Cape Town, South Africa during Africa Energy Week 2021 and began negotiations.

Centurion International AG (“CIAG”, WKN: A2YN5X / ISIN: DE000A2YN5X9), listed in Düsseldorf, acts as lead transaction advisor

Distributed by APO Group for Emerging Energy Corporation (EEC).

Contacts for international relations and media inquiries:
Ms. Jessica Stang
Email: [email protected]
Phone. : +49 69 153 294 410

Emerging Energy Corp. AG
[email protected]
www.EmEnergyCorp.com
+49 69 153 294 443

Opernplatz 14 60313
Frankfurt am Main
Federal Republic of Germany
HRB#120672

ABOUT Emerging Energy Corporation:
Emerging Energy Corp. is a German investment company dedicated to creating growth in the African energy sector and related infrastructure. EEC aims to build local capacity, create well-paying jobs, finance Africa’s energy transition, diversify economies and offer its investors market-leading returns. EEC focuses on investing across the entire African energy value chain. EEC partners with exceptional management teams, where the combination of capital and industry expertise can have a lasting impact on the African continent.

21.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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