Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive
  • Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks
  • Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects
  • Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes
  • The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns
  • How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars
  • Doug Wicks on Why Energy Innovation Is Broken—and How to Fix It
  • Cost and Policy Roadblocks Stall LEAG’s H2UB Boxberg Green Hydrogen Hub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Hydrogen
Green Hydrogen H2 News

Metgasco tests the waters of hydrogen

Arnes BiogradlijaBy Arnes Biogradlija16/08/20222 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Metgasco has announced the purchase of sustainable hydrogen and energy producer Patriot Hydrogen in stages.

Metgasco informed its shareholders that the acquisition was part of the company’s diversification strategy, offering a sustainable, economically viable, carbon-neutral opportunity while possibly offsetting emissions from the company’s main natural gas production assets.

“This transaction represents a significant milestone for Metgasco as it embarks on its road to become a major low-emissions, multi-fuel producer. With the recent completion of the Cooper Basin sub-surface program and gas production at Vali slated to begin in the fourth quarter of this year, the acquisition of Patriot should allow Metgasco to offset these emissions while also providing a compelling commercial opportunity, according to Metgasco’s managing director Ken Aitken.

Patriot has a framework agreement with a regional technology partner, which includes market exclusivity commitments for the Australian market, to construct hydrogen production projects in Australia with proven market demand.

The business expects to launch its first commercial plant for Kimberley Clean Energy (KCE) in the fourth quarter of 2022, as part of a comprehensive memorandum of understanding to provide up to 75 units to KCE to address distant power demands in Northern Australia.

Stage 1 of Metgasco’s purchase is contingent on the delivery of equipment to KCE, with Metgasco providing Patriot with logistical and financial support for the transport and delivery of the plant.

Metgasco would make a $750,000 equity investment in Patriot as the first stage of an option to purchase 100% of the firm at the same valuation as the ultimate acquisition, contingent on the achievement of milestones.

This money is anticipated to bring the KCE project of Patriot to first commercial gas and income.

Stage 3 would involve an all-stock acquisition of Patriot for an agreed-upon price.

Metgasco has the right to acquire 100% of Patriot via an all-scrip acquisition at a valuation of A$5.9 million, subject to a number of conditions, such as meeting all project deadlines over a six-month period, Patriot confirming to Metgasco’s satisfaction execution of relevant purchase power agreement and feedstock contracts for a second energy project, and subject to Metgasco obligor approval.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025
Hydrogen

The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns

02/07/2025
Hydrogen

Cost and Policy Roadblocks Stall LEAG’s H2UB Boxberg Green Hydrogen Hub

01/07/2025
hydrogen

Cost Pressures Topple Queensland’s $12.5 Billion CQ‑H2 Green Hydrogen Project

01/07/2025
Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.