Formalising a multi-million-dollar joint venture for the effort today (Oct 11), the duo said they hope to make Port Anthony Renewables one of the first in Australia to produce a commercial amount of green hydrogen, and at a competitive price.
The initial target for hydrogen production is three-tonnes-per-day, which will then be distributed domestically. Hydrogen production can later be upscaled. To do this, the duo have formed a new joint venture, titled Hydrogen Plus.
Through the joint venture, the duo also wants to build out a large-scale green ammonia production plant on the Port for export to Asia. Already target ammonia production is set to be a minimum of 30,000 tonnes per annum.
On the effort, Benjamin Anthony, Managing Director of Port Anthony Renewables, said, “This joint venture with CAC-H2 brings proven established technology replicated from its previous global projects. Our goal for the Port Anthony Renewables Hub is to include every aspect of green Hydrogen production, storage and distribution, and a biomass project such as this represents a low capex, and a shorter approvals pathway.
“It will also allow the earlier implementation of supporting Hydrogen separation, storage and distribution networks – and that will assist those other technologies which require a longer gestation period.”
Port Anthony Renewables has secured a 30% equity stake in the joint venture.
Glenn Davies, Group CEO of CAC-H2, added, “We are absolutely thrilled to be partnering with Port Anthony Renewables to build out this world-class Green Hydrogen Hub in Victoria. We are committed to supporting Australia’s energy security strategy, and transition towards renewable energy to reduce emissions and reliance on fossil fuel-derived energy.”
“We want to give the local government and private enterprise the confidence to develop Victoria’s hydrogen eco-system by offering a carbon-negative green hydrogen reliable supply into the domestic market. Equally, we have immediate export off-take interest for over 100,000 tonnes annually of green ammonia which we intend to scale quickly,” Mr Davies added.
US DOE, General Motors, Microsoft and Plug Power
What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?
North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.
What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.
Further information on the event, agenda and confirmed speakers can be found here.
To book your virtual delegate pass, click here.