Consortium, Turkey to cooperate for development of hydrogen fuel cell projects
Financial Consortium led by Diplomatic Trade, Q Finance, ARC Capital, opened preliminary talks with Turkish officials for the establishment of Foreign Direct Investment in hydrogen fuel cell technology and projects, powering commercial shipping and other strategic uses.
Lead spokesman for the investment consortium and Chairman of Diplomatic stated that they are interested in developing comprehensive project implementation in the areas of maritime shipping propulsion technology, derived through the use of hydrogen fuel cells.
The Turkish government, according to recent meetings with Benjamin Ballout Chairman of Diplomatic Trade expressed considerable support for Renewable Energy and particularly, the implementation of new hydrogen-based fuel-cell technologies in the country.
Financial, tax, trade and other incentives are provided by current Turkish legislation and during preliminary talks with governmental officials we found that the Turkish government, has a robust menu of benefits offered to foreign investors, who wish to focus in the particular areas of Renewable Energy and more specifically, hydrogen based projects and technology
Mr. Ballout and his Turkish associate, Umit Ertin, stated that initial talks have proven to be very encouraging and are developing feasibility study and research information required to proceed towards the next steps required for the implementation of foreign direct investment.
