H2G Green’s subsidiary GasHubUnited Utility has won a contract to design, construct, install and commission a liquefied natural gas (LNG) storage and regasification facility at the Rolls-Royce Seletar Campus.
The total value of the contract is unspecified. The project includes the deployment of a compact yet high performance LNG storage system comprising four units of 10-cubic metre LNG microbulk storage tanks, along with a regasification facility tailored to meet the operational requirements of the Seletar site.
This initiative will transit the Rolls-Royce Seletar Campus from compressed natural gas (CNG) to LNG and is expected to deliver greater operational efficiency and cost savings.
H2G Green also announced today that the long-stop date for the satisfaction of conditions for the acquisition of shares in TTJ Greenfuel has been extended from June 30 to July 31.
This is the fourth supplemental agreement to further the long-stop date. The sale and purchase agreement between H2G Green’s 50.10% owned subsidiary called Green Energy Investment Holdings and TTJ Holdings was first initiated on Aug 15, 2023.
Shares in H2G Green closed 0.1 cent lower or 12.5% down at 0.7 cents on June 27.
