Four hydrogen hubs to be developed on Australia’s East Coast
Pure Hydrogen Corporation and Liberty Hydrogen have partnered in a joint venture to develop four large scale hydrogen hubs on Australia’s East Coast.
The two companies have signed a contract to establish Pure Hydrogen International Inc. to develop the four hubs – two in Queensland, one in New South Wales and one in Victoria.
In exchange for contributing two potential projects in Queensland, Project Jupiter and Project Mars, Pure Hydrogen Corp. will have a 60 per cent stake in Pure Hydrogen International during the initial stages. Liberty Hydrogen is also contributing two project sites located in Newcastle, NSW, and South East Victoria.
“We have focused on four sites that are in close proximity to ports on the East Coast of Australia,” said Scott Brown, Real Energy Managing Director.
“Initially, we aim to have small pilot plants at these locations to sell hydrogen fuel to local customers but as the market expands, we have room to significantly expand production to include exports.”
Real Energy says it is focusing on hydrogen due to its potential to be a game-changer for Australia’s energy roadmap, with both environmental and economic benefits.
“The potential for scale when it comes to Australian hydrogen is immerse, particularly given the burgeoning rise of forecasted hydrogen markets in Asia Pacific and mounting interest in the North American region,” Brown continues.
“As more and more countries around the world transition to low carbon energy sources, Real has a fantastic opportunity to be a leader in sustainable hydrogen technology production and exports and the four new Hydrogen Hubs can pave the way forward for Australia’s hydrogen future.”
Models developed by the Australian Renewable Energy Agency predict that Australian hydrogen exports will contribute $1.7 billion and 2,800 jobs to Australia’s economy by 2030.
2 February 2021