AsiaFeaturedHydrogenPacific

Port Anthony Renewables, CAC-H2 sign JV for green hub in Victoria

0

Port Anthony Renewables (PAR), an Australian green hydrogen business, has formed a joint venture with CAC-H2, a Singapore-based worldwide gasification technology integrator, to capitalize on the global need for clean energy.

Under the terms of the deal, CAC-H2 will construct and commission a wood waste biomass gasification plant for PAR, which will create carbon-negative green ammonia for local and worldwide markets. All producing and exporting may be done at Porth Anthony’s state-of-the-art port facilities, which is now being turned into Southeastern Australia’s largest green energy center.

A Special Purpose Vehicle (SPV) called “Hydrogen Plus” was created as part of the agreement. Port Anthony Pty Ltd has purchased a 30% stake in the SPV. The first goal is to create 3 tons of hydrogen per day, with the ability to grow up from there.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

Mitsubishi Power and El Paso Electric to Develop Roadmap toward Carbon-Free Energy Mix by 2045

Previous article

World’s first multi-MW combined solar and green hydrogen power station closes with DNV as lender technical adviser

Next article

You may also like

More in Asia

Comments

Comments are closed.