As part of a strategic realignment, Germany’s Hydrogenious LOHC Technologies has restructured its management and raised over €17 million from AP Ventures, Temasek, Winkelmann Group, Covestro, Chevron Technology Ventures and Anglo American Platinum to support the implementation of its planned projects and the further scaling of its technology.
As disclosed, Daniel Teichmann, Founder of Hydrogenious, will take on the role of Executive Chairman of the board of directors, while Andreas Lehmann, Caspar Paetz and Stefan Buerkle have been appointed to the board of management.
Teichmann will continue to work full-time for the company, focusing on its long-term strategic direction and financing, as well as representing the company to policymakers, investors and the public.
Lehmann will take over the position of Chief Executive Officer and will drive forward the company’s operational strategy, public affairs and corporate functions.
As Chief Technology Officer, Paetz will focus on the further development and optimization of the liquid organic hydrogen carriers (LOHC) technology by overseeing research, development and implementation as well as innovation, both for technology and organization.
Finally, as the new Chief Operating Officer, Buerkle will oversee Hydrogenious’ operational business throughout the complete lifecycle of the company’s LOHC assets from business and project development to EPC and including plant operations.
To note, according to Hydrogenious, its LOHC technology is “perfectly suited” for large-scale hydrogen imports via maritime supply chains. “By safely binding hydrogen to the thermal oil benzyltoluene (LOHC-BT) in a chemical process, the volatile green molecules can be efficiently stored and transported at ambient pressure and temperature using the existing liquid fuel infrastructure,” the company claimed.
Politically, LOHC technology is, reportedly, being supported by numerous policies and legislation at both the federal and the EU level, as well as financially.
Daniel Teichmann commented: “Thanks to the conceptual and financial support of our investors, we have now been able to realign key elements of our organization and create the basis for a long-term and future-oriented positioning of our company, which will enable us to successfully implement important projects. We firmly believe that LOHC technology will continue to be indispensable for the necessary decarbonization of industry and energy transition.”
It is worth mentioning that, in 2024, Hydrogenious and India’s ACME Group signed a memorandum of understanding (MoU) to collaborate on a feasibility study to explore the joint development of large-scale hydrogen supply chains from ACME’s projects in Oman to supply hubs in Europe using the LOHC technology.
The partners said that green hydrogen produced by ACME can be stored in LOHC and transported by tanker to Europe to supply and decarbonize industrial off-takers, energy and mobility.