Plug Power Selected by Fertiglobe’s Green Hydrogen Consortium to Deliver 100MW Electrolyzer for Green Ammonia

This order reinforces our strong booking momentum in the electrolyzer business and puts Plug Power well on its path to achieving its 2022 electrolyzer sales plan

LATHAM, N.Y., Nov. 24, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen market, today announces it has been selected by Fertiglobe (ADX: FERTIGLB) the strategic partnership between OCI NV (Euronext: OCI) and the Abu Dhabi National Oil Company (ADNOC) and Scatec ASA (OSE: SCATC), the Sovereign Fund of Egypt and Orascom Construction (NASDAQ Dubai: OC; EGX: ORAS), as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for up to 90,000 tons of green ammonia production at EBIC in Ain Sokhna, Egypt.

Egypt is an ideal location to produce green hydrogen given its unique renewables profile with strong solar and wind loads, and close to markets with a hydrogen deficit. Green ammonia, produced from renewable energy such as solar and wind instead of natural gas, is a versatile product that is an ideal carrier fuel to store and transport hydrogen, and can help decarbonize numerous sectors which represent around 80% of current global Greenhouse Gas (GHG) emissions, including as an important alternative fuel in the power sector in Japan and other countries.

“Plug Power congratulates the members of Egypt’s Green Hydrogen Consortium, including Fertiglobe, Orascom Construction and others, on their plans to develop the country’s first green hydrogen production facility,” said Andy Marsh, CEO of Plug Power. “We are thrilled by the Consortium’s exciting move to put Egypt and the MENA region on the green hydrogen map.”

Marsh Continued, This order reinforces our strong booking momentum in the electrolyzer business and puts Plug Power well on its path to achieving its 2022 electrolyzer sales plan. Plug Power is aggressively pursuing an extensive sales pipeline of green hydrogen and green ammonia projects. We continue to establish meaningful global partnerships in the green hydrogen economy where we can deliver our commercial electrolyzer solutions.”

Nassef Sawiris, Executive Chairman of OCI NV, commented: “We are excited to announce this key milestone in this essential piece of our hydrogen strategy. Plug Power is a leader in electrolysis technology, and this strategic partnership further solidifies our execution strategy. At start-up, this will be the largest green hydrogen and largest green ammonia application globally. Construction is expected to follow an accelerated schedule to showcase the green hydrogen facility during COP 27 in Egypt in November 2022, highlighting Egypt’s and Fertiglobe’s growing leadership in the renewable energy markets and commitment to a greener future.”

Ahmed El-Hoshy, Chief Executive Officer of Fertiglobe, commented: “This is a huge step forward in our ambition to decarbonize our footprint to net zero by 2050, and simultaneously help our customers decarbonize. As an early mover in clean hydrogen-based fuels, we are pleased that Fertiglobe is partnering with Plug Power to deploy cutting edge technology at scale.”

About Plug Power

Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 50,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

About Fertiglobe

Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, and an early mover in clean ammonia. Fertiglobe’s production capacity comprises of 6.7 million tons of urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria, making it the largest producer of nitrogen fertilizers in the Middle East and North Africa (MENA), and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf. Headquartered in Abu Dhabi and incorporated in Abu Dhabi Global Market (ADGM), Fertiglobe employs more than 2,600 employees and was formed as a strategic partnership between OCI N.V. (“OCI”) and the Abu Dhabi National Oil Company (“ADNOC”). Fertiglobe is listed on the Abu Dhabi Securities Exchange (“ADX”) under the symbol “FERTIGLB” and ISIN “AEF000901015. To find out more, visit: www.fertiglobe.com

About OCI N.V.

OCI N.V. (Euronext: OCI) is a leading global producer and distributor of hydrogen-based products providing low carbon fertilizers, fuels, and feedstocks to agricultural, transportation, and industrial customers around the world. OCI’s production capacity spans four continents and comprises approximately 16.2 million metric tons per year of hydrogen-based products including nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other products. OCI has more than 3,600 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam. For more information, please visit www.oci.nl

Plug Power Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.(“PLUG”), including but not limited to statements about PLUG’s expectations regarding its multi-year investment and growth, PLUG’s clean hydrogen technology and fuel cell solutions playing a critical role in achieving climate and decarbonization goals, deepening of relationships with key stakeholders, and acceleration of demand and adoption of hydrogen technology. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission, including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2020. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

SOURCE: PLUG POWER

Plug Power Media Contact
Caitlin Coffee
Allison+Partners
(312) 635-8204
PlugPR@allisonpr.com

In Myanmar, Reporting Becomes More Difficult ‘Month by Month’

Nearly 10 months into Myanmar’s military coup, the country’s media is striving to keep reporting while navigating arrests and harassment from the junta.

Thousands of protesters have refused to accept military rule, including ousted politicians, activists, religious leaders, and others, and fighting has broken out between junta and local defense forces.

But local media trying to cover that opposition come up against obstacles.

Early on, the junta revoked the licences of five media outlets. It was a decision that “shook” the industry, said Thomas Kean, editor-in-chief at the English-language news outlet Frontier Myanmar.

“Since then, more have been banned, more journalists have been arrested and it’s been downhill since then, gradually more difficult, month by month,” said Kean.

 

One of his own team—American journalist Danny Fenster—was jailed for nearly six months.

 

Byond revoking licenses and arrests, the military cut access to internet and amended a telecommunications law to allow for prison sentences.

 

The junta has said it is acting to bring stability. Military spokesperson Zaw Min Tun has previously said that the military “respects press freedom” and arrests only journalists who incite unrest.

 

History of repression

 

Rights groups including Reporters Without Borders (RSF) say the coup has put media freedom back a decade. But some say the country never enjoyed real press freedom, even under Aung San Suu Kyi’s National League for Democracy government.

 

Under the last period of military rule, the country was deemed one of the most censored places globally. Access to independent news websites was blocked, visas to foreign media were seldom granted and the few privately owned media operations had to submit content for review before publication.

 

Those restrictions started to ease in 2011, when Thein Sein was elected as the first civilian Prime Minister in nearly half a century.

 

His early policies relaxed restrictions and abolished the pre-publication censorship regulation.

 

Around that time Kean was working for Myanmar Times, one of the country’s oldest privately owned English-language newspapers.

 

“From around mid-2010 you could get the sense that, it was still heavily censored, but you could feel the censorship was getting lighter. For the standards of the time, a fair bit of [political] debate was getting into newspapers,” Kean told VOA from Melbourne, Australia.

 

The relaxing of media rules had an immediate impact. Myanmar showed a slow but steady improvement on RSF’s annual press freedom index, moving from 151 in 2013—its first appearance—to a record high of 131 in 2017. The index scores countries on media rights, with 1 being the most free. Myanmar in early 2021 ranked 140.

 

As the censorship laws were scrapped, Myanmar saw a wave of privately owned media outlets forming. “2015 was peak of print advertising market,” Kean said.

 

The following year, major telecom companies began operating in Myanmar.

 

However, in a trend seen globally, the expansion of internet services had a negative impact on the print industry, which saw a decline in ad revenue.

 

Aye Chan Naing, co-founder of the independent media outlet Democratic Voice of Burma (DVB), told VOA those issues persist today.

 

“The business, and streaming, it’s also become threatening for independent journalism—like, the online Google, Facebook, all the advertising income, it’s going into the digital marketing, and media are not really surviving,” he said.

 

While censorship was eased during this period, reporters still risked arrest and restrictions.

 

In 2017, Reuters journalists Wa Lone and Kyaw Soe Oo were jailed for more than 500 days over their reporting on the Myanmar military’s massacre of members of the Rohingya in Rakhine state.

 

But the ramping up of arrests since the coup has led outlets like Frontier Myanmar and DVB to change how—and where—they report.

 

Media in exile

 

One of the biggest changes said Naing, who operates DVB from exile, is that reporters have to rely heavily on numerous sources.

 

“The [biggest] challenge is we have to depend on our sources, second hand or third hand. It’s very hard for us to be on the ground. And we have to depend on witnesses,” he said.

At least three DVB journalists were detained in Myanmar for several months, until being released as part of a mass amnesty in October.

 

A further three fled to Thailand but were arrested and given suspended prison sentences for illegal entry. They have since relocated to a third country.

 

The obstacles and difficulty in reporting has made social media and citizen journalists vital, said Kean.

 

“To some extent media organizations can operate remotely, but we can’t send reporters around the country like we used to. It’s very difficult to verify exactly what’s happening,” he said.

 

The Yangon-based Frontier Myanmar launched in 2015, publishing feature-style journalism targeting English speakers.

 

But shortly after February’s coup, it was forced to cease the print edition.

 

“We were worried about the safety of our distribution staff and we shifted focus to breaking news,” Kean said. “We didn’t want to get distracted by trying to write features for a magazine, because that wasn’t the kind of information people needed at the time.”

 

After an outbreak of COVID-19 among the paper’s team, and a disappearing print audience, Kean said it didn’t make sense to resume publishing for the moment.

 

In an email to subscribers last month, Frontier Myanmar reassured readers that the publication had only temporarily suspended its services.

 

“It’s obviously not something we wanted to do, but we think it’s in the best interests of the Frontier team and necessary for our long-term survival,” the email read.

 

The detention of the paper’s managing editor, Fenster, also had an impact.

 

Fenster, 37, was freed last week after nearly six months in prison on accusations that he was still working for Myanmar Now, an outlet banned by the junta earlier this year. The journalist had resigned from that company months before the coup.

Kean said Frontier Myanmar were “incredibly relieved” that Fenster was finally released.

 

“We were in the dark as to what was going on, in terms of the efforts to have Danny released. Until he got on the plane and left Myanmar airspace, we were still not celebrating,” Kean said.

 

However, at least 37 journalists remain in detention in Myanmar, according to Reporting ASEAN, an organization documenting the crackdown.

 

 

Source: Voice of America

China To Donate Another One Million Sinovac Vaccines To Malaysia

KUALA LUMPUR– China will donate another one million doses of the Sinovac vaccine to Malaysia, The Malaysia Reserve reported yesterday.

 

Malaysian Foreign Minister, Saifuddin Abdullah, was quoted as saying that, China has so far donated 28 million doses of the Sinovac vaccine to ASEAN (the Association of Southeast Asian Nations) countries, among which 500,000 were for Malaysia.

 

On top of additional vaccines, China will also help ASEAN bolster its public health and pharmaceutical capabilities, through the sharing of technology, expertise and intellectual property, the report said.

 

“This will help ASEAN strengthen its public health system and increase preparedness, to address future health emergencies,” Abdullah told a press conference, after the virtual ASEAN-China Special Summit on Monday.

 

 

Source: NAM NEWS NETWORK

China Says It Will Shun Hegemony in Disputed Asian Sea; Does It Mean That?

Beijing’s pledge this week to avoid dominance in the South China Sea comes too late to convince smaller Southeast Asian claimants to the strategic waterway after years of Chinese expansion, experts say.

 

President Xi Jinping made the pledge Monday at a virtual summit marking the 30th anniversary of ASEAN-China dialogue. He told leaders of the 10-member Association of Southeast Asian Nations that Beijing would avoid “bullying” smaller countries over their competing claims to the 3.5 million-square-kilometer sea.

 

China’s representation at ASEAN events typically falls to Premier Li Keqiang, but this time, Xi addressed the Southeast Asian countries and said “China will never seek hegemony, still less bully smaller countries,” according to a Tuesday report by Beijing’s state-run China Daily website.

 

China vies with Brunei, Malaysia, the Philippines, Taiwan and Vietnam for sovereignty over parts of the resource-rich sea, which stretches from Hong Kong to Borneo. The Chinese government has conducted landfilling of tiny islets in the sea, in some cases for military use, alarming the other countries.

 

The Chinese navy, coast guard as well as its fishing fleets often antagonize other claimants, all militarily weaker than China, by passing through the disputed maritime tracts prized for fisheries and subterranean fossil fuel reserves.

 

Southeast Asia reaction

 

Xi’s comments have been met with skepticism among ASEAN member states because Southeast Asian leaders have heard similar language before, said Jay Batongbacal, international maritime affairs professor at the University of the Philippines in Quezon City.

 

Brunei, Malaysia, the Philippines and Vietnam are members of ASEAN, which negotiates as a bloc over external trade and security matters, including South China Sea conduct.

 

“The rest of the region, of course, won’t take it at face value,” Batongbacal said, referring especially to Southeast Asia. “It’s the actions of China that raise these concerns, even though China has been giving that kind of assurance even before.”

 

China has no intention of quitting its positions in the sea, said Alexander Vuving, professor at the Daniel K. Inouye Asia-Pacific Center for Security Studies, in Hawaii. Xi had told former U.S. President Barack Obama in 2015 that China would not militarize the sea but did anyway, Vuving said.

 

Vietnam would not trust China’s latest comments, he said, while the Philippines and Indonesia will find it suspicious. Indonesia does not vie with China over islets, but the two sides have disagreed over sea lanes.

 

Vietnam has sparred with China over disputed islands since the 1970s, leading to deadly clashes in 1974 and 1988. Malaysia and the Philippines have spoken out over the past year.

 

Earlier this month, Chinese coast guard vessels blocked Philippine resupply boats bound for Second Thomas Shoal, a Philippine-occupied atoll, and fired water cannons.

 

“We abhor the recent event in the Ayungin Shoal and view with grave concern other similar developments,” Duterte said Monday during his virtual participation in the ASEAN summit. “This does not speak well of the relations between our nations and our partnership.”

 

“The problem is that message [from China] becomes more laughable to a lot of its neighbors with every passing year,” said Gregory Poling, director of the Asia Maritime Transparency Initiative under the Washington, D.C.-based Center for Strategic and International Studies.

 

“You look at the South China Sea, Taiwan Strait, the border with India,” Poling said, referring to potential military flash points involving Beijing. “It’s getting harder for the ASEAN members who aren’t involved in the disputes to still believe this Chinese line.”

 

Why Xi spoke out

 

Regional experts like Eduardo Araral, associate professor at the National University of Singapore’s public policy school, say that having Xi take the unusual step of personally addressing the fraught issue of hegemony in the South China Sea before ASEAN member states was “the logical thing to do” for a burgeoning global power.

 

“When you’re a small country and you border with a big country, you get nervous when that big country grows very big, so I guess for the past 30 years, this is the utmost question on the minds of leaders of ASEAN,” Araral said. China has the world’s third strongest armed forces after the United States and Russia.

 

“So, when [fellow ASEAN leaders] have this opportunity to meet with President Xi Jinping, they probably expect him to make those assurances,” he said.

 

Vuving of the Asia-Pacific Center for Security Studies, however, said Xi may have made his hegemony comment in case Southeast Asian governments are wondering whether Xi’s recent meeting with U.S. President Joe Biden — or the AUKUS military technology sharing deal — could have altered China’s geopolitical posture in the region.

 

AUKUS, a security deal between the United States, Britain and Australia designed to contain China’s expansion, is opposed by Beijing.

 

Between the AUKUS rollout and last week’s China -U.S. virtual bilateral, Vuving speculated that the Chinese may have “felt that they need to reassure their Southeast Asian neighbors a little bit.”

 

While China is expected to “spread its sphere of influence” throughout the region without risking trade through any blockage of sea lanes, Araral said, Beijing might also try to displace the influence of Washington, which maintains a regular naval presence and sells arms in the region.

 

Multiple U.S. administrations have declared their support for a “free and open Indo-Pacific,” which views “Beijing’s claims to offshore resources across most of the South China Sea [as] completely unlawful, as is its campaign of bullying to control them.”

 

ASEAN members without South China Sea claims are Cambodia, Laos, Myanmar, Singapore and Thailand.

 

Source: Voice of America

Vietnam Reports 11,132 New COVID-19 Cases, 1,143,967 In Total

HANOI – Vietnam reported 11,132 new COVID-19 cases yesterday, including 11,126 locally transmitted and six imported, according to its Ministry of Health.

 

Most of the community cases were detected in southern localities, including 1,204 in Ho Chi Minh City, 709 in Ba Ria, Vung Tau province, and 698 in Binh Duong province.

 

Yesterday, the health authority also confirmed over 28,000 more COVID-19 infections detected earlier, in Binh Duong province.

 

The infections brought the total tally to 1,143,967, with 24,118 deaths, said the ministry. Nationwide, as many as 911,310 COVID-19 patients have so far recovered, up 1,034 from Monday.

 

Nearly 111 million doses of COVID-19 vaccines, including some 43.6 million second doses, have been administered, according to the ministry.

 

As of yesterday, the country registered over 1.1 million locally transmitted COVID-19 cases, since the start of the current wave in late Apr, the ministry said.

 

Source: NAM NEWS NETWORK

COVID-19 Costs Cambodia 2.3 Billion USD So Far: PM

KAMPONG CHAM – Cambodian Prime Minister, Samdech Techo Hun Sen, said yesterday that, the COVID-19 pandemic has cost the country about 2.3 billion U.S. dollars.

 

“So far, we have spent 2.3 billion dollars to deal with the COVID-19 crisis,” he said, at the inauguration ceremony of the Stueng Trang-Kroch Chhmar Cambodia-China Friendship Bridge.

 

A portion of the budget had been used to purchase COVID-19 vaccines, he said, adding that, he was very proud of the government’s success in its vaccination drive.

 

To date, the country had administered at least one vaccine dose to 14.1 million people, or 88.1 percent of its 16-million population, the Ministry of Health said, adding that, of them, 13.24 million, or 82.7 percent, had been fully vaccinated with both required shots, and 2.15 million, or 13.5 percent, had received a booster dose.

 

With its high vaccination rates, the country has recently reopened its doors in all areas.

 

Hun Sen said, he is confident that the reopening now is not a setback, adding, the kingdom’s economy is expected to grow around three percent this year, and up to five percent next year.

 

Meanwhile, Hun Sen said, the Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP), which will both entre into force on Jan 1, 2022, will give Cambodia greater market access to China and other RCEP countries.

 

Source: NAM NEWS NETWORK