Global Energy Ventures Ltd. announced it has entered into a Memorandum of Understanding (MOU) with ILF Beratend Ingenieure GmbH (ILF Consulting Engineers) to identify and develop green hydrogen projects in Europe and Australia which will include GEV's C-H2 shipping solution. Objectives of the MOU: GEV is a project developer of C-H2 supply chain projects and is progressing the design and approvals of the C-H2 Ship, along with the related ship loading and unloading facilities. ILF is a multi-disciplined international engineering and consulting firm that works with clients to execute technically demanding industrial and infrastructure projects including, without limitation, gas and energy projects. Both Parties will cooperate and explore renewable project opportunities regarding the full hydrogen value chain employing GEV's C-H2 ship and supply chain in Europe and Australia. The term of the MOU is valid until 31 December 2022 and can be extended by mutual agreement. Highlights: GEV and ILF have executed a Memorandum of Understanding (MOU) for the identification and development of green hydrogen projects in Europe and Australia that will include a compressed hydrogen (C-H2) shipping solution. ILF is an international engineering and consulting firm focussed on major energy, industrial and infrastructure projects. ILF's engineering expertise covers the hydrogen value chain from renewables, water supply down to hydrogen production, transportation and storage and offers solutions for a large spectrum of hydrogen-related projects. The MOU provides GEV with access to the fast-developing hydrogen economy in Europe, leading the world with clean energy policy, incentive schemes, deep pools of ESG financing, production and centres of hydrogen demand. Up to 85% of the world's proposed green hydrogen projects are in Europe, with a pipeline of over 9 GW in Germany, 6 GW in the Netherlands, and 4 GW in the UK, all scheduled to be operational by 2030. Australia has now announced 6 of the top 20 gigawatt-scale green hydrogen projects, supported by low renewable energy costs and export markets that could include Germany. GEV and ILF to immediately commence the review of identified green hydrogen projects suitable for a C-H2 shipping solution, both onshore and offshore applications.