Gree Hydrogen – Provaris Energy secures major project status for the Tiwi H2 Project from the NT Government.
Today’s announcement supports the Territory’s vision to be recognised as a leader in the transition to the green hydrogen economy,” MD Martin Carolan said.
Provaris Energy Ltd (ASX:PV1) has attracted the award of major project status for the Tiwi H2 Project from the Northern Territory Government, having been recognised for its significance and economic benefit to the Territory and the traditional owners of the Tiwi Islands.
The Tiwi H2 Project is an integrated compressed green hydrogen production and export development on the Tiwi Islands of the Northern Territory which is forecast to produce up to 100,000 tonnes of green hydrogen per annum for export into the Asia Pacific Region by early 2027.
Natasha Fyles, Northern Territory chief minister said:
The award of major project status by our government is recognition to the substantial economic and social benefits expected to be delivered by the Tiwi H2 project and its potential strategic significance to the Northern Territory and Australia in developing a hydrogen production and export industry.
“Significant” milestone for Provaris
The benefits of major project status include government support, coordination and facilitation, assistance in identifying and mapping regulatory approvals, a dedicated project case manager and facilitation of engagement with the Australian Government.
Martin Carolan, Provaris Energy managing director said.
The endorsement of the Tiwi H2 project by the NT Government is another significant milestone for Provaris as we move forward with our development program.
“Major project status will deliver the project access to coordinated and streamlined government agency support for future approvals and assistance with Federal Government agencies.”
“Today’s announcement supports the Territory’s vision to be recognised as a leader in the transition to the green hydrogen economy.”
As part of the major project status award, Provaris and the NT government have entered a project facilitation agreement (PFA) to work in a spirit of cooperation.
The agreement seeks to enable the timely, efficient, and effective development of the Tiwi H2 project and to maximise the economic and community benefit for the Northern Territory.
Garry Triglavcanin, Provaris Energy chief development officer said.
We look forward to a continuation of the support provided by the major projects team to advance the Tiwi H2 project which has identified the project as having significant future economic and social benefits to the Territory and traditional owners of the Tiwi Islands.
Provaris Energy secures major project status for the Tiwi H2 Project from the NT Government, August 23, 2022
