The A$30m ($22.15m) deal will see the implementation of B&W’s BrightLoop hydrogen technology, capable of generating hydrogen from waste timber and other wood-based feedstock.

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With development to set commence on the project, it could provide the anticipated Port Anthony Green Hydrogen Hub a new, significant contribution to the hydrogen output of the region.

The companies have stated that the projected output of the of the project will be around 3 tonnes of hydrogen per day providing a huge boost to the Port’s hydrogen capabilities.

Ben Anthony, Managing Director of Port Anthony Renewables, said, “The Port Anthony area has always been a cornerstone of the offshore energy industry, and this jointly developed Babcock and Wilcox project represents not only accelerated growth of the PAR Hydrogen precinct, but sees us well on our way to 25 tonnes a day of hydrogen just in the next two or three years – ultimately leading to the decarbonisation and repurposing of the Bass Strait oil and gas sector.”

Kenneth Young, Chairman and Chief Executive Officer of Babcock and Wilcox, said, “The need for clean energy and decarbonisation solutions in the Asia-Pacific region is significant, and our ClimateBrightTM technologies will play a key role in the growth of our business here.”

“Net-zero greenhouse gas emissions through the use of low-carbon fuels such as hydrogen is an achievable goal being embraced by governments and industries worldwide and we’re excited to have proven technologies, such as BrightLoop,TM to meet this need.”