TES and SOCAR Collaborate on Groundbreaking e-NG Project in Azerbaijan
Key Ideas
- TES and SOCAR signed a Joint Study Agreement to develop an electric natural gas (e-NG) project in Azerbaijan.
- The collaboration aims to assess the feasibility of implementing TES's cutting-edge technology for e-NG production.
- The project could lead to advancements in green energy infrastructure, job creation, and environmental impact in Azerbaijan.
- Both companies are enthusiastic about the partnership and see it as a significant step towards global decarbonization efforts.
Tree Energy Solutions (TES) and SOCAR, Azerbaijan’s national oil company, have entered a Joint Study Agreement to explore the development of an electric natural gas (e-NG) project in Azerbaijan. This partnership aims to evaluate the technical, economic, and commercial viability of utilizing TES's advanced technology for producing e-NG in the region. Azerbaijan, with its strategic location and SOCAR's energy expertise, provides an ideal setting for this innovative project. The e-NG produced could potentially be distributed to Europe through existing infrastructure like the Southern Gas Corridor.
TES is known for its expertise in e-NG production, a clean fuel generated using renewable electricity and CO2. Their innovative module setup is designed to efficiently produce e-NG, offering a promising avenue for sustainable energy development in Azerbaijan. The study will assess the project's parameters and benefits, including the establishment of green energy infrastructure, job opportunities, and environmental implications. SOCAR's regional knowledge will be pivotal in maximizing the project's local impact.
The CEOs of both companies expressed excitement about the collaboration. Marco Alverà from TES highlighted the importance of leveraging existing infrastructure to unlock hydrogen's potential through e-fuels, emphasizing the immediate impact on global decarbonization. SOCAR's Vice President, Afgan Isayev, underlined the significance of the Joint Study Agreement in driving innovation and sustainability in the energy sector, aiming to contribute to global decarbonization efforts. The partnership is viewed positively as a significant step forward in advancing green energy solutions.