Real Energy will assess the commercial viability of a hydrogen fuel plant in Queensland through a new wholly owned subsidiary.
Real has established Pure Hydrogen Corporation to undertake a detailed scoping examining the feasibility of building, owning and operating a large-scale hydrogen plant with a minimum annual production capacity of 36 million kg – enough to power 240,000 Hyundai Nexo’s for one year.
The company is reviewing a potential site in Queensland’s Surat Basin adjacent to Real’s 50 per cent owned Venus CSG project, as well as another site near Gladstone, with the studies being undertaken by an engineering consulting firm.
Real Managing Director Scott Brown said the company had been assessing the possibilities of this project for some time.
“The Queensland Government has shown its commitment to supporting the development of large energy projects and this is also the case for renewable energy projects – the $2 billion lithium-ion battery cell gigafactory in Townsville being developed by Imperium3 is one such example,” he said.
“With the Federal Government also committed to this sector, we believe our investment and commitment to these scoping studies is appropriately timed and we see enormous potential to develop a hydrogen industry in Australia.”
Mr Brown also said the new endeavour would not detract from the company’s efforts to develop Project Venus and the Windorah Gas Project.
For more information visit the Real Energy website.
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