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 Mark: World GTL All Over Again

Wade Mark. Photo/T&T Parliament

Mark: World GTL All Over Again

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By Sue-Ann Wayow

UNITED National Congress (UNC) Senator Wade Mark is warning the public to look out for further developments between the National Gas Company (NGC) and two companies he claims are headed by Professor Kenneth Julien.

Mark referred to a newspaper advertisement involving the NGC dated February 11.

Speaking at the UNC Virtual Report on Monday, he said, “The headline is NGC and National Energy sign MOU with Kenesjay Green (Limited)  and NewGen (Energy Limited). Two companies.”

Mark claims that Kenesjay Green Limited (KGL) was related to Kenesjay Systems Limited that was owned by Julien.

“So Ken Julien is in some arrangement with NGC to do what, move hydrogen energy forward. This is WGTL (World Gas-to Liquid) all over again.

“Kenesjay was formed in January 2020,  and the next company New Gen was formed in August  of 2020. No financial background. No track record of anything.  And they are going to get NGC to finance those two companies.”

An NGC’s press release published on Bnamericas dated February 3 stated, “The National Gas Company (NGC), National Energy Corporation (NE) and Kenesjay Green Limited (KGL) have signed a memorandum of understanding to work collaboratively on the creation of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. The partnership includes the exploring of the feasibility of joint development of viable projects and related initiatives in T&T, regionally, and internationally.

“The MOU serves to affirm the parties’ commitment to seek viable avenues to transition to a lower carbon future through low carbon and green hydrogen production and will meaningfully contribute to the country’s fulfilment of the Paris Agreement commitments.”

Kenesjay Systems Limited website states, “Kenesjay Systems Limited is a Trinidad-based project development and consulting firm founded in 1998, with its core business of securing a sustainable energy supply for Trinidad, Tobago, and the Region. Kenesjay provided project development and management services for the CNC Ammonia Plant in Point Lisas, producing 630,000 metric tons of ammonia per year. They have also performed Natural Gas Master Plan Studies in Trinidad and Africa, and Electricity Utility Studies within the Caribbean.”

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“In July 2020, the company announced that it  signed a Letter of Intent (LOI) with  the French hydrogen specialist HDF Energy to establish a partnership for the development of the NewGen Carbon-Neutral & Green Hydrogen project.

“By introducing a new source of carbon neutral and green hydrogen to the petrochemical sector  of  Point  Lisas  at  a  competitive  cost,  the  NewGen  Hydrogen  Project will  play  a  key  role in the drive towards a decarbonizing transition of the T&T energy industry. The hydrogen will be generated  on an industrial scale from carbon-neutral and renewable sources of electricity using an electrolysis process.”

Dr Moonilal also spoke extensively about the declining energy sector  adding that no solid agreement should be made concerning  the sale of Petrotrin until  there was proper procurement legislation in place  that was supported by the Opposition.

 

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