Global Energy Ventures reveals HyEnergy zero carbon project ‘forging’ ahead
Global Energy Ventures is working with HyEnergy project partners to evaluate its compressed hydrogen shipping supply chain as the project’s export solution.
After inking an agreement to assess exporting green hydrogen from Western Australia, Global Energy Ventures (ASX: GEV) revealed the HyEnergy project partners Province Resources (ASX: PRL) and Total Eren were “forging” ahead with zero carbon hydrogen feasibility studies.
Earlier this week, Global Energy Ventures inked a memorandum of understanding with Province and Total Eren to evaluate exporting green hydrogen using its compressed hydrogen (C-H2) shipping and supply chain technology.
The study is looking at exporting the zero carbon hydrogen from the HyEnergy project partners’ proposed production facility in WA’s Gascoyne to nominated markets in South East Asia.
It aims to give the HyEnergy partners’ confidence to use Global Energy Venture’s C-H2 shipping technology as the preferred export method.
“We are keen to understand the benefits of compressed hydrogen in relation to other means of transporting our potential green hydrogen product to market. Global Energy Ventures are leaders in this technology and will bring that experience to the study,” Province chief executive officer David Frances said.
HyEnergy project
With export studies underway, Province and independent French renewable energy company Total Eren are powering ahead with the HyEnergy scoping study.
The duo is carrying out feasibility studies into developing an 8GW renewable power facility and co-developing a downstream hydrogen plant.
Province noted scoping study data collection was proceeding as expected with advanced modelling progressing to optimise the proposed phase one development.
The companies are collecting weather information with this to continue throughout the studies. Independent consultant ERM will manage heritage, ecological, environmental and geotechnical research, which will start shortly.
Government support
As these efforts progress, the HyEnergy partners are engaging with multiple WA Government departments to fast-track the state’s green hydrogen industry.
Province and Total Eren also hope to secure lead agency status with the government to facilitate environmental and other permitting requirements.
Local government support has also been received from the Shire of Carnarvon.
The shire has entered a MoU to collaborate on a potential 12,311ha development site for the zero-carbon project.
Emerging green hydrogen industry
Mr Frances said the HyEnergy partners are at the forefront of the emerging green hydrogen industry.
“The opportunity that presents itself is huge, and we have been overwhelmed with the support we have received from the state government, Shire of Carnarvon, traditional owners and other key stakeholders.”
“The HyEnergy partners, as first movers on the ASX in this space, are uniquely positioned to lead this industry as it moves from its current nascent position into a key part of the state’s economy,” Mr Frances added.
Over the next 12 months, Mr Frances said the partners plan to compete the scoping study, ink definitive agreements and advance further feasibility work.