Provaris partners with NMM for compressed hydrogen project

Provaris Energy has signed an MoU with Northern Marine Management (NMM) to support the ongoing engineering and development of its compressed hydrogen carrier project.

As part of the deal, NMM offers specialist technical and operational services to support Provaris’ 26,000 cu m vessel, dubbed H2Neo, through class and flag approval, shipbuilding contract talks, newbuild supervision, and operations.

Provaris will also review commercial opportunities for a fleet of H2Neo carriers currently under development for Northern Marine to provide ship management services.

The deal is for 12 months and sets out an agreed schedule of activities across multiple phases of the remaining development of the H2Neo carrier, which is targeting approval for construction in mid-2023.