PLAGAZI ANNOUNCES THE CREATION OF A PROJECT COMPANY (SPV) FOR THE PROJECT "HAVELSTOFF", THE SPV PREMNITZ HYDROGEN PARK GMBH IN PREMNITZ, BRANDENBURG, GERMANY
Plagazi AB and Neue Energien Premnitz GmbH (NEP) have founded the SPV for Premnitz Hydrogen Park in Germany known as the "Havelstoff-Projekt", accelerating the project development into the next phase. The new joint venture company, SPV Premnitz Hydrogen Park GmbH, will manage the process of attaining the environmental permits necessary to start building the facility that will produce approximately 7’500 tonnes of green hydrogen per year. NEP will provide the local infrastructure and feedstock whilst Plagazi AB will take responsibility for the permitting process.The project purpose is to