RONN Inc. JV Partner HES Secures Mega-Project Agreement in South Korea
RONN Inc. (OTC PINK:RONN) announced that its Joint Venture partner, Hydrogen Energy Systems Inc. (HES), has secured a landmark agreement with a South Korean chemical company for a mega-project valued at over USD 355 million. The project focuses on large-scale production of hydrogen, ammonia, nitrogen, and urea.
The HES/RONN JV will be responsible for design, engineering, project management, and PEM electrolyzer manufacturing and installation. The scope includes overseeing infrastructure development, systems integration, evaluating technology bids, and providing strategic guidance on funding.
The project will generate multiple revenue streams through hydrogen production, ammonia, nitrogen, and urea sales. Urea serves as a important emissions control fluid for diesel trucks and remains in high demand as fertilizer. The partnership aims to capitalize on the hydrogen economy, which experts project could exceed USD 300 billion by 2030.
RONN Inc. (OTC PINK:RONN) ha annunciato che il suo partner in Joint Venture, Hydrogen Energy Systems Inc. (HES), ha ottenuto un accordo storico con un'azienda chimica sudcoreana per un mega-progetto del valore di oltre 355 milioni di USD. Il progetto si concentra sulla produzione su larga scala di idrogeno, ammoniaca, azoto e urea.
La Joint Venture HES/RONN sarà responsabile della progettazione, ingegneria, gestione del progetto e della produzione e installazione di elettrolizzatori PEM. L'ambito include la supervisione dello sviluppo delle infrastrutture, integrazione dei sistemi, valutazione delle offerte tecnologiche e fornitura di orientamenti strategici sul finanziamento.
Il progetto genererà molteplici flussi di entrate attraverso la produzione di idrogeno, vendite di ammoniaca, azoto e urea. L'urea è un'importante soluzione per il controllo delle emissioni per i camion a diesel e rimane in alta domanda come fertilizzante. La partnership punta a sfruttare l'economia dell'idrogeno, che gli esperti prevedono possa superare 300 miliardi di USD entro il 2030.
RONN Inc. (OTC PINK:RONN) anunció que su socio en la empresa conjunta, Hydrogen Energy Systems Inc. (HES), ha asegurado un acuerdo histórico con una empresa química surcoreana para un mega-proyecto valorado en más de 355 millones de USD. El proyecto se centra en la producción a gran escala de hidrógeno, amoníaco, nitrógeno y urea.
La empresa conjunta HES/RONN será responsable del diseño, la ingeniería, la gestión del proyecto y la fabricación e instalación de electrolizadores PEM. El alcance incluye la supervisión del desarrollo de infraestructuras, la integración de sistemas, la evaluación de ofertas tecnológicas y la provisión de orientación estratégica sobre financiamiento.
El proyecto generará múltiples flujos de ingresos a través de la producción de hidrógeno, y las ventas de amoníaco, nitrógeno y urea. La urea es un líquido importante para el control de emisiones en camiones diésel y sigue teniendo una alta demanda como fertilizante. La asociación busca capitalizar la economía del hidrógeno, que los expertos proyectan podría superar 300 mil millones de USD para 2030.
RONN Inc. (OTC PINK:RONN)는 그 합작 투자 파트너인 Hydrogen Energy Systems Inc. (HES)가 3억 5천5백만 달러 이상의 가치가 있는 대규모 프로젝트에 대해 한국의 화학 회사와 획기적인 계약을 체결했다고 발표했습니다. 이 프로젝트는 수소, 암모니아, 질소 및 요소의 대량 생산에 중점을 두고 있습니다.
HES/RONN 합작 투자 회사는 설계, 엔지니어링, 프로젝트 관리 및 PEM 전해조의 제조 및 설치를 담당합니다. 범위에는 인프라 개발 감독, 시스템 통합, 기술 입찰 평가 및 자금 조달에 대한 전략적 지침 제공이 포함됩니다.
이 프로젝트는 수소 생산, 암모니아, 질소 및 요소 판매를 통해 여러 수익원을 창출할 것입니다. 요소는 디젤 트럭의 중요한 배출 제어 액체로 사용되며 비료로서 높은 수요를 유지하고 있습니다. 이 파트너십은 전문가들이 2030년까지 3천억 달러를 초과할 것으로 예상하는 수소 경제를 활용하는 것을 목표로 하고 있습니다.
RONN Inc. (OTC PINK:RONN) a annoncé que son partenaire de coentreprise, Hydrogen Energy Systems Inc. (HES), a sécurisé un accord historique avec une entreprise chimique sud-coréenne pour un mégaprojet d'une valeur de plus de 355 millions USD. Le projet se concentre sur la production à grande échelle d'hydrogène, d'ammoniac, d'azote et d'urée.
La coentreprise HES/RONN sera responsable de la conception, de l'ingénierie, de la gestion de projet ainsi que de la fabrication et de l'installation d'électrolyseurs PEM. Le périmètre comprend la supervision du développement des infrastructures, l'intégration des systèmes, l'évaluation des offres technologiques et la fourniture de conseils stratégiques sur le financement.
Le projet générera plusieurs sources de revenus grâce à la production d'hydrogène, aux ventes d'ammoniac, d'azote et d'urée. L'urée est un fluide de contrôle des émissions important pour les camions diesel et reste en forte demande en tant qu'engrais. Le partenariat vise à tirer parti de l'économie de l'hydrogène, que les experts estiment pourrait dépasser 300 milliards USD d'ici 2030.
RONN Inc. (OTC PINK:RONN) gab bekannt, dass sein Joint Venture-Partner, Hydrogen Energy Systems Inc. (HES), einen wegweisenden Vertrag mit einem südkoreanischen Chemieunternehmen für ein Mega-Projekt im Wert von über 355 Millionen USD gesichert hat. Das Projekt konzentriert sich auf die großflächige Produktion von Wasserstoff, Ammoniak, Stickstoff und Harnstoff.
Das HES/RONN Joint Venture wird für das Design, die Ingenieurleistungen, das Projektmanagement sowie die Herstellung und Installation von PEM-Elektrolyseuren verantwortlich sein. Der Umfang umfasst die Überwachung der Infrastrukturentwicklung, die Systemintegration, die Bewertung von Technologieangeboten und die Bereitstellung strategischer Beratung zur Finanzierung.
Das Projekt wird mehrere Einnahmequellen durch die Produktion von Wasserstoff sowie den Verkauf von Ammoniak, Stickstoff und Harnstoff generieren. Harnstoff dient als wichtige Emissionskontrollflüssigkeit für Diesellkw und bleibt als Düngemittel stark nachgefragt. Die Partnerschaft zielt darauf ab, von der Wasserstoffwirtschaft zu profitieren, die Experten zufolge bis 2030 300 Milliarden USD überschreiten könnte.
- Secured major project agreement worth over USD 355 million
- Multiple revenue streams from hydrogen, ammonia, nitrogen, and urea production
- Strategic positioning in high-growth hydrogen economy projected to reach USD 300B by 2030
- Vertical integration across multiple high-demand industrial products
- Project requires significant capital investment beyond the USD 355M for land procurement
- Execution subject to regulatory approvals and capital availability risks
Joint Venture to Produce Hydrogen, Ammonia, Nitrogen, and Urea, Expanding Global Clean-Energy Footprint
SCOTTSDALE, ARIZONA / ACCESS Newswire / February 24, 2025 / RONN Inc. (OTC PINK:RONN) today announced that its Joint Venture (JV) partner, Hydrogen Energy Systems Inc. (HES), has signed a landmark agreement with a significant South Korean chemical company for a "mega project" aimed at large-scale production of hydrogen, ammonia, nitrogen, and urea. The estimated project costs exceed USD 355 million, plus additional land procurement. Official names and further project details will be released upon compliance sign-off.
Under this agreement, HES and RONN will combine resources and expertise to design, engineer, and manage the project scope. Responsibilities for the HES/RONN JV include:
Design & Engineering, Project Management, and Reporting: Overseeing critical infrastructure development, systems integration, and ongoing operational assessments.
Quotation Assessments & Sub-Contracting Decisions: Evaluating technology and construction bids, ensuring transparency and cost efficiency.
Financial Reporting & Consultation: Delivering strategic guidance on funding avenues, including debt and equity financing, and offering due diligence support.
PEM Electrolyzer Manufacturing & Installation: Signing a separate manufacturing agreement to provide PEM (Proton Exchange Membrane) electrolyzers, which convert water into hydrogen. The JV will also install and commission all hydrogen production and storage equipment.
Carbon Capture, Water Purification & Renewable Energy: Negotiating additional contracts that leverage byproducts from hydrogen production to maximize sustainability, create backup power solutions, and deliver purified water.
Who Is HES?
Hydrogen Energy Systems Inc. (HES) is a global innovator in clean-energy solutions. The company specializes in advanced hydrogen production, storage, and distribution technologies that power various commercial and industrial applications. The HES-RONN partnership underscores both companies' commitment to revolutionizing the hydrogen economy through scalable, real-world implementations.
Multiple Revenue Streams
This mega project will capitalize on growing demand for hydrogen-widely recognized as a cornerstone of the low-carbon transition-andgenerate revenues from ammonia, nitrogen, and urea production. Urea is particularly significant in the diesel trucking industry as a required fluid for emissions control, and it remains a high-demand fertilizer worldwide. By integrating these products into a single, vertically aligned project, the JV is positioned to tap into multiple high-growth markets.
"This agreement represents a giant leap forward in our global clean-energy ambitions," said Mr. Harry McGregor of HES. "By collaborating with RONN, we're creating a broad portfolio of sustainable and profitable solutions for industries that need them most."
Strategic and Financial Opportunities
The HES/RONN JV stands to benefit from emerging opportunities in hydrogen-related projects around the globe. With the addition of ammonia, nitrogen, and urea production, the partnership expands into crucial sectors such as agriculture, heavy transport, and industrial manufacturing. These diverse revenue streams position both companies to capture a significant share of the booming hydrogen economy, which experts project could exceed USD
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the estimated costs, project timelines, potential revenue streams, and the future impact of JV's clean-energy technologies. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors include but are not limited to, market conditions, regulatory approvals, capital availability, and the ability of HES and RONN to successfully execute project milestones. RONN Inc. undertakes no obligation to revise or update any forward-looking statements for events or circumstances after the date of this release except as required by law.
About RONN Inc. (OTC: RONN)
RONN Inc. is a forward-focused Hydrogen energy and technology company committed to accelerating the adoption of sustainable resources in both stationery and mobile applications. By forging strategic partnerships and deploying innovative solutions in the hydrogen and clean-technology sectors, RONN aims to create long-term value for shareholders and stakeholders worldwide.
View the original press release on ACCESS Newswire
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