Proteum Energy and Istmo Energy Sign MOU For Production of Low Cost, Clean Hydrogen in the Permian Basin
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Friday, December 17, 2021
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Permian, Ethane, Advisory board, Delaware Basin, MOU, Principal, LLC, Transport, Landmark Tower (Fort Worth, Texas), Atlas, Energy, Memorandum of understanding, Regulation, Power, Carbon, Ethanol, Natural gas, Istmo de Tehuantepec, Hydrogen
Proteum Energy, LLC entered a binding Memorandum of Understanding (MOU) today with Istmo Energy LLC, headquartered in Fort Worth Texas, to negotiate the terms by which Proteum Energy will provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen for delivery to offtake customers in the Permian Basin, Mexico and California markets.
Key Points:
- Proteum Energy, LLC entered a binding Memorandum of Understanding (MOU) today with Istmo Energy LLC, headquartered in Fort Worth Texas, to negotiate the terms by which Proteum Energy will provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen for delivery to offtake customers in the Permian Basin, Mexico and California markets.
- Istmo Energy is pleased to have the option to leverage our onsite de-ethanizers to produce hydrogen from ethane for our hydrotreaters, while at the same time offer additional clean hydrogen sales in the Permian region, said Alex Gutierrez, Principal and Co-Founder of Istmo Energy.
- Proteum Energy is extremely pleased to be working with a strong partner like Istmo Energy providing innovative low emissions fueling solutions, said Proteums CEO, Laurence B.
- About Proteum Energy Headquartered in Phoenix Arizona, Proteum is a producer of low carbon, low-cost clean hydrogen from renewable ethanol, ethane and NGLs.