Vision Energy Corporation (OTCMKTS:VENG) Stock Soars 55% In a Week: Here is Why
Yesterday Vision Energy Corporation (OTCMKTS:VENG) came into focus after it announced that it had completed the pre-FEED study with regards to the Phase 1 Green Ammonia infrastructure at the company’s Green Energy Hub development. The development is situated in North Sea Port of Vlissingen in The Netherlands.
Trading Data
On Monday, VENG stock up 8.82% to $1.4800 with more than 457.41K shares, compared to its average volume of 158.04K shares. The stock moved within a range of $1.3900 – 1.4800 after opening trade at $1.4400.
Vision Energy Concludes Pre-FEED Study
Last year in November Vision Energy Corporation’s fully owned subsidiary unit Evolution Terminals BV engaged the services of Linde Engineering GmbH to conduct the pre-FEED study. The aim of the study was to define the engineering basis with regards to the project and to develop the concepts for the following phase of development.
The company announced yesterday that due to the pre-FEED study outcomes, significant design decisions had been made with regards to the storage tank configurations and the supporting infrastructure for ensuring compliance with the relevant international and national regulation codes, safety standards and feasibility. It was also announced yesterday that Vision Energy Corporation was on course with the development plan for a positive FID by December this year. It was going to be in continuation of the efficient development strategy of parallel track engineering with permitting efforts. The company noted that it was involved in reviewing the detailed technical and commercial proposals.
