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.
