Global Energy Ventures signs MOU to study the export of green hydrogen from WA
Global Energy Ventures has inked a deal with Province Resources and Total Eren to support a feasibility study for the partners’ project.
Energy transition company Global Energy Ventures (ASX: GEV) has inked a deal with the partners of the HyEnergy project in Western Australia to undertake a feasibility study on the export of green hydrogen.
Under a memorandum of understanding (MOU) with Province Resources (ASX: PRL) and French independent power producer Total Eren, the company will evaluate the technical feasibility and delivered cost of green hydrogen exports to nominated Asia Pacific markets using Global Energy Ventures’ own compressed hydrogen marine supply chain.
The scope of the study includes transport from the onshore hydrogen gas production facility in the Gascoyne region of WA to an offshore ship-loading buoy and then on to the nominated markets.
The study aims to provide the HyEnergy project partners with sufficient confidence to warrant the selection of compressed hydrogen as the preferred export method in the next phase of project engineering.
“We 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,” Province chief executive officer David Frances said.
Global Energy Ventures has agreed to undertake the study at its own cost.
The MOU is non-binding, non-exclusive and expires at the end of 2022.
The HyEnergy project
In early 2021, Province acquired seven exploration licences in WA’s Gascoyne region and in April it entered a partnership with Total Eren to potentially develop a major green hydrogen project.
The project is proposed to be developed in phases totalling up to 8 gigawatts in installed renewable energy capacity owned by Total Eren, while the downstream assets will be 50:50 owned by Total Eren and Province.
A scoping study for the project is scheduled for completion this year.
Compressed hydrogen shipping technology
Last month, Global Energy Ventures announced it had begun developing a pilot ship based on its compressed hydrogen technology, which was demonstrated in an earlier scoping study to be economically competitive compared to shipping liquefied hydrogen or ammonia.
The ship is expected to be fully approved and construction-ready by the end of 2022.
Global Energy Ventures managing director and chief executive officer Martin Carolan described the HyEnergy project as an “ideal” green hydrogen export for the company’s compressed hydrogen shipping solution “given its strategic location on the WA Gascoyne coastline, within a regional distance to multiple Asian markets with a future requirement for imported hydrogen”.