GEV has entered into a Memorandum of Understanding (MOU) with the partners of the HyEnergy Project to undertake a feasibility study on the export of green hydrogen. The study will evaluate the technical feasibility and delivered cost of green hydrogen exports to nominated Asia-Pacific markets utilizing GEV’s compressed hydrogen marine supply chain says Global Energy Ventures.
GEV plans marine transport supply chain in upcoming projects
The purpose of the study is to provide the partners of the HyEnergy Project with sufficient confidence to warrant the selection of GEV’s C-H2 marine transport supply chain as a preferred export method in the next phase of project engineering.
Australia-based hydrogen shipment specialist Global Energy Ventures (GEV) has entered into a non-binding Memorandum of Understanding with Province Resources and Total Eren (together with the HyEnergy Project partners) to support a technical and commercial feasibility study on exporting green hydrogen from the HyEnergy Project, located in the Gascoyne region, in Western Australia, to nominated markets in the Asia-Pacific region.
Martin Carolan, GEV Managing Director, and CEO commented, “The HyEnergy Project is an ideal green hydrogen export project for our compressed hydrogen shipping solution given its strategic location on the W.A. Gascoyne coastline, within a regional distance to multiple Asian markets with a future requirement for imported hydrogen.”
David Frances, Province CEO stated, “The HyEnergy Project partners are keen to understand the benefits of compressed hydrogen in relation to other means of transporting our potential green hydrogen product to market. GEV are leaders in this technology and will bring that experience to the study.”
Under the terms of the MoU;
- GEV will undertake a feasibility study to evaluate the technical and commercial feasibility of exporting green hydrogen from the HyEnergy Project. The scope includes transport from the onshore hydrogen gas production facility to an offshore ship loading buoy and then on to nominated Asia-Pacific markets utilizing GEV’s compressed hydrogen shipping solution.
- The purpose of the study is to provide the energy Project partners with sufficient confidence to warrant the selection of compressed hydrogen as a preferred export method in the next phase of project engineering.
- The MOU is non-binding, non-exclusive, and expires on 31 December 2022.
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Source: GEV
