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Vision Energy Corp. (VENG) Announces Ticker Change and Engages Rho Adviseurs for Planning Services in the Development of Europe’s First Green and Low-Carbon Energy Terminal
December 12, 2022

Vision Energy Corp. (VENG) Announces Ticker Change and Engages Rho Adviseurs for Planning Services in the Development of Europe’s First Green and Low-Carbon Energy Terminal

  • Rho Adviseurs has been engaged by Vision Energy, a growing renewable energy facilities developer, to provide specialist studies for environmental impact assessment and policy, process guidance, and spatial planning, all required for the permit applications for Vision’s Green Energy Hub
  • Vision Energy’s Green Energy Hub is positioned to be the first terminal in Europe focused on green and low-carbon energy products, and located in the North Sea Port of Vlissingen at the mouth of the Westerschelde estuary
  • Vision Energy is focused on governments that support regulatory standards promoting hydrogen production and alternatives to traditional fossil fuels in support of green energy solutions for renewable energy sources
  • The green hydrogen market was valued at $450 million in 2021 and is expected to grow at a CAGR of 60% from 2022 to 2030, resulting in a projected value of $119.5 billion by 2030

Vision Energy (OTCQB: VENG), announced that, as of 12/7/22, its ticker symbol has changed from “VIHDD” to “VENG” (OTCQB: VENG), completing previously reported corporate actions of the company. (No action is required by existing shareholders with respect to the ticker symbol change. The company’s common stock will continue to be traded on the OTCQB and the CUSIP will remain unchanged.)

The company also announced that it has engaged Rho Adviseurs, a Netherlands-based firm specializing in spatial planning and permit management, for the company’s pioneering Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands (https://ibn.fm/pN1h6). This Green Energy Hub is being designed to provide import, storage, and handling facilities for hydrogen carriers, renewable products, and low-carbon fuels.

Rho Adviseurs has been engaged by Vision Energy to provide specialist studies for the environmental impact assessment and policy, process guidance, and spatial planning to ensure future operations conform to and exceed all required standards. These reports are also required to support the company’s permit applications. Rho Adviseurs employs approximately 150 employees across five offices throughout the Netherlands and has assisted governments and companies in shaping environmental planning and policies.

Vision Energy’s Green Energy Hub is positioned to be the first terminal in Europe focused on green and low-carbon energy products. The Hub is strategically located in the North Sea Port of Vlissingen at the mouth of the Westerschelde estuary. It will be capable of receiving seagoing vessels, barges, and coasters, served by a dedicated deep-water jetty and rail and truck loading infrastructure that will enable direct access to purpose-built storage and handling facilities for low-carbon fuels and hydrogen carriers, including ammonia, methanol, and liquid organics.

Vision Energy’s goal for the future is to secure multiple locations for the planning, development, construction, and future operations of clean hydrogen production facilities. The company is not solely focused on the hydrogen industry but is open to green ammonia and ethanol items.

The company plans to fulfill a growing demand from local and regional off-takers and consumers of hydrogen. The green hydrogen market was valued at $450 million in 2021 and is expected to grow at a CAGR of 60% from 2022 to 2030, resulting in a projected value of $119.5 billion by 2030. Several factors globally are driving the market’s growth, including the growing measures toward decarbonization, government plans and investments facilitating a hydrogen economy, and the adoption of clean fuel alternatives (https://ibn.fm/uxg1G).

Many governments worldwide have established incentives and financial mechanisms to accelerate and promote using hydrogen and other green energy sources as renewable energy. An example of this is the EU, through its European Green Deal, setting an objective to become climate-neutral by 2050, implying the near-total phase-out of fossil fuels in the EU energy system. Many countries are working to put in place subsidy programs for the development of green hydrogen energy facilities in anticipation of these goals.

With the high demand for renewable energy sources, Vision Energy is focusing on countries where government supports a regulatory standard promoting hydrogen production and consumption. Vision Energy is leveraging the market through its Green Energy Hub, already underway in the Netherlands.

For more information, visit the company’s website at https://visionenergy.com/

NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://ibn.fm/VENG

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