Vision Energy Corporation has filed the Environmental Impact Assessment known in the Netherlands as the “Milieueffectrapportage” or “MER”.
The MER is a detailed and comprehensive environmental report that combines more than 25 individual reports and independent studies and represents a significant component of the Dutch permitting process for the Company’s Green Energy Hub development in North Sea Port of Vlissingen, the Netherlands.
With the submission of the MER, the Company’s wholly owned subsidiary Evolution Terminals BV has achieved another significant milestone in the execution of its development plan and together with the filing of the concept Environmental Permit (known as “Omgevingsvergunning Mileu” in Dutch) in December 2022 and the Nature Permit submission in September 2021, the Company’s next target is to file the Phase 1 Construction Permit (“Omgevingsvergunning Bouw”) which will be submitted in stages in compliance to commercial customer requirements and the design phases of the project.
The definitive MER and Environmental Permit application will now be reviewed by the relevant governmental authority in an extensive process that will be assessed according to national standards, with a standard decision period of 6 months which may be extended by a period of six weeks.
The Company’s Netherlands-based Project Management team will continue to consult closely with authorities throughout the permit assessment process and will simultaneously focus on the Company’s engineering and commercial development efforts to efficiently manage an accelerated achievement of FID which is targeted within 2023.