Global Energy Ventures Ltd (ASX: GEV, the Company) announced the results of its Scoping Study that demonstrates it can deliver a technically feasible, zero emission compressed hydrogen (C-H2) supply chain with a competitive shipping range using 100% green hydrogen, consistent with a net-zero future.
Martin Carolan, Executive Director of GEV, commented:
GEV is delighted with the results of the Scoping Study, which confirms the C-H2 supply chain is very competitive for the marine transportation of hydrogen at 2,000 nautical miles and up to 4,500 nautical miles.
“C-H2 can become a game-changing solution for the hydrogen economy and deliver a timely and energy efficient ‘port to port’ zero emission supply chain for green hydrogen to be produced in Australia for markets in the Asia Pacific region.
“When compared to Liquefaction (LH2) and Ammonia (NH3), we have demonstrated C-H2 is the simplest, with minimal technical barriers to achieve commercialization in line with timelines for large-scale projects seeking a transport solution.
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GEV will now accelerate its plan to address key markets for green hydrogen, alongside advancing the C-H2 Ship approvals from American Bureau of Shipping expected in 1H 2021 and define our own green hydrogen export project in Australia to support the construction of a pilot scale C-H2 Ship.”
HIGHLIGHTS:
- C-H2 supply chain is very competitive for a distance of 2,000 nautical miles (3,700 kms, NW Australia to Singapore) against Liquefaction (LH2) and Ammonia (NH3) and remains competitive to 4,500 nautical miles (8,300 kms, Australia to Japan, South Korea and China).
- Simple and energy efficient supply chain for export volumes ranging from 50,000 to 400,000 tonnes of green hydrogen per annum, produced from renewable power and electrolysis.
- Minimal technical barriers for commercialisation to meet hydrogen demand and export market
timelines. - Results provide GEV with the confidence to rapidly progress the development of the C-H2 Ship and supply chain to the next phase of development.
- 2021 program will also include the development of GEV’s own green hydrogen export project to
support the construction of a pilot scale C-H2 Ship. - GEV’s proprietary C-H2 Ship design and engineering is progressing, with Approval In Principle
expected 1H 2021. - Following a successful $6.3m placement, GEV is fully funded to advance the C-H2 program for 2021.
GEV SCOPING STUDY DELIVERS ZERO EMISSION SUPPLY CHAIN FOR GREEN HYDROGEN, 1 March 2021
