Project Nour plans to install up to 10GW of electrolysis capacity, becoming one of the largest projects of its kind globally by 2030, with a Framework Agreement having been signed, mapping out the next phases of development.

Mauritania is ‘exceptionally well-placed for green hydrogen production’ due to wind and solar power resources, the study has found, meaning the project has potential to produce some of the cheapest green hydrogen in the world.

Domestically, it is hoped the project will include baseload power for the national grid, diversifying industrial activities, promoting job creation, and developing local infrastructure.

H.E Minister Abdessalam Ould Mohamed Saleh of Mauritania’s Ministry of Petroleum, Mines & Energy, commented, “We are very pleased that the PFS has confirmed the world class potential of Project Nour, both in its unique capacity to generate green hydrogen and for the broader development opportunities that it could bring to Mauritania.

“It is exciting to be looking to harness our natural resources in this way and Chariot has our full support as they progress this through the detailed feasibility studies.”

In addition, the country’s geographical location is well situated for exports to the European market. Chariot recently signed a partnership agreement with the Port of Rotterdam for sales of green hydrogen.

Adonis Pouroulis, Acting CEO of Chariot, said, “Green hydrogen is a strategic priority for Chariot and will form a substantial part of the global energy transition going forward.

“We also believe that progressing this project will result in significant investment in Mauritania and benefit the region as a whole. The results of the pre-feasibility study have underlined our belief in the economics and scale of this asset.

“Project Nour has the potential to be one of the key sources of green energy of the future with the opportunity to deliver a wide range of positive impacts and we are delighted to be partnering with the Government to help realise its ambition to become a world leader in the production and export of this valuable resource.”