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As part of this agreement, Ultra Safe Nuclear and Synthos Green Energy will evaluate the feasibility of the Micro Modular Reactor as well as "MMR Energy System" plant to produce carbon-free hydrogen, heat, as well as power for use in the company's chemical plants in Poland and other EU countries, and for a vast range of commercial use by various regional industrial manufacturing companies.
FREMONT, CA: Synthos Green Energy (SGE) – a part of Synthos S.A. Capital Group, which includes Synthos S.A., a leading chemical manufacturer based in Poland, with operations in the Holland, Czech Republic, and France – is currently obtaining carbon-free energy solutions for its manufacturing facilities in Europe. To help meet this goal, the company has entered into a Cooperation Agreement with US-based Ultra Safe Nuclear Corporation (USNC), which aligns with the Synthos S.A. strategy dedicated to reducing CO2 emissions from fossil fuels.
As part of this agreement, Ultra Safe Nuclear and Synthos Green Energy will evaluate the feasibility of the Micro Modular Reactor as well as "MMR Energy System" plant to produce carbon-free hydrogen, heat, as well as power for use in the company's chemical plants in Poland and other EU countries, and for a vast range of commercial use by various regional industrial manufacturing companies. The agreement is the new step in Synthos Green Energy's strategy to produce zero carbon emissions at its facilities. The Energy System will replace existing plants that utilize natural gas or coal. In developing the Energy System, Ultra Safe Nuclear is collaborating with multiple global industrial heavyweights, including Hyundai Engineering Company, to develop as well as provide high-efficiency heat, power, and hydrogen-generation abilities.
SGE and USNC have already jointly applied to the Polish Ministry of Development for project financing from the IPCEI mechanism for projects within the scope of the value chain of hydrogen technologies and systems. The purpose of the joint project is the development of an economically effective, zero-emission, high-temperature heat, and power source for hydrogen production on an industrial scale. The efficiency of the cogeneration system in this process is anticipated to be about 80-85 percent, which surpasses the efficiency of renewable energy sources in the electrolysis process by several factors.
"We're committed to identifying leading technologies capable of being deployed in the near term that will enable us to lower and eventually eliminate the carbon footprint of our manufacturing facilities and increase competitiveness of our companies," stated Michal Solowow, owner of Synthos S.A. Capital Group. "The Ultra Safe Nuclear approach is uniquely suited to our needs as its MMR is exceptionally elegant and safe, enabling us to implement our decarbonization strategy and ultimately make Synthos more competitive. I also firmly believe that MMR technology can be part of broader solution for the decarbonization of the Polish industry."
