It is TULSA, Okla. And VANCOUVER, British Columbia, February 19, 2021 (GLOBE NEWSWIRE) – Jericho Oil Corporation (“Jericho” or “Company”) (TSX-V: JCO; Frankfurt: JLM; OTC: JROOF) is pleased to support a new report Hydrogen Advice released Wednesday highlights the place of hydrogen in a world of fast and deep decarbonizing, including cost competitiveness and various final applications. The report offers an overview of worldwide market usage, investment movement as well as impact on the cost competitiveness of hydrogen solutions.
Key findings outlined in the report:
- Hydrogen accumulates strong motion as the main energy transfer pole
- Deployment and investments: Named hydrogen deposits have accelerated rapidly in response to government commitments to deep disarmament with over 200 named projects costing $ 300 billion in consumption
- Supply: Increased with the right regulatory framework, clean hydrogen costs may fall faster than expected
- Distribution: Cost-effective distribution and circulation required to solve hydrogen applications
- Final Applications: Falling clean hydrogen costs and application specific cost drivers improve cost competitiveness of hydrogen applications
Crucially, the report identifies a number of potential hydrogen applications as low-carbon solutions from an overall cost-of-property perspective, highlighting hydrogen-based boilers for a variety of low-, medium-, and high-end heating applications. .
Link to press release: Hydrogen Insights 2021 – Hydrogen Advice
Link to report: Hydrogen-Insights-2021-Report.pdf (hydrogencouncil.com)
Brian Williamson, CEO of Jericho, said, “Supported by the global shift of disarmament by regulators, investors and consumers, hydrogen is gaining unprecedented interest and investment. Since Jericho acquired the novel Hydrogen Technologies Inc. recently with a hydrogen-based DCC cleanH2steam boiler, we are pleased to see industry reports outlining the remarkable progress and macro tailwinds pushing hydrogen as a zero-carbon fuel and food needed to meet the world our global. sustainability goals. Our cleanH2steam DCC HTI boiler solution delivers zero emissions, higher overall efficiency while remaining cost competitive with traditional hydrocarbon boiler systems. ”
This press release contains some “forward-looking information” within the meaning of relevant Canadian securities legislation and may contain statements that may be “forward-looking statements”. within the meaning of the safe haven provisions of the United States Private Security Literature Reform Act. of 1995. Such forward-looking information and forward-looking statements do not represent facts or historical information or current situation, but instead represent only Jericho’s beliefs regarding events, plans or future goals, many of which are, naturally, uncertain. and outside the control of Jericho.
In general, forward-looking information or statements can generally be identified using forward-looking terminology such as “plans”, “expected” or “not expected”, “expected”, “budget”, “No”, “Estimates”, “Forecasts”, “Expectations”, “Expectations” or “Expectations”, or “Beliefs”, or changes to these words and phrases or statements may be may contain certain actions, events or outcomes “,” could “,” would “,” could “or” will be taken “,” will continue “,” will happen “or” will be carried out ” . While Jericho is of the opinion that the assumptions and factors used in the preparation, and the expectations contained within it, the forward-looking information and statements are reasonable, such information and statements should be relied upon unreasonably, and no guarantee or guarantee can be given that such information and forward-looking information will be proved to be inaccurate, because ‘actual results and future events may differ significantly from those expected in such information and statements. Forward-looking information and statements are subject to a number of risks and uncertainties and other factors that may cause different events or outcomes to differ from those expected in the year. forward-looking information and statements which include, but are not limited to: the effects and risks associated with COVID-19 pandemic, the impact of current and future general economic conditions, industry conditions and commodity prices including stable low oil prices, large and persistent stock market volatility, cash and interest rates, government regulation of the oil and gas industry , including environmental management; geological, technical and drilling problems; unforeseen operational events; competition for and / or inability to maintain drill rigs and other services; available capital on appropriate terms; the need to obtain necessary consents from regulatory authorities; inherent responsibilities for oil and gas exploration, development and production; and the other items described in our public films are available at www.sedar.com. Readers are warned that this list of risk factors should not be construed as an exhaustive statement.
The forward-looking information and forward-looking statements contained in this press release are made from the date of this press release, and Jericho does not undertake to update any forward-looking information. any and / or forward-looking statements included or referred to. here, but in accordance with applicable security laws.
Neither TSX Venture Exchange nor its regulatory services provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the suitability or accuracy of this press release.
INFORMATION:
Adam Rabiner
Director, Investment Relations
604.343.4534
[email protected]