Australian business Provaris seeks hydrogen midstream market dominance. It wants ships to create Europe’s first compressed green hydrogen supply lines.
Global Energy Ventures (GEV) was created in 2016 to construct a midstream company that would use a new vessel class to establish a viable compressed natural gas (CNG) supply chain in numerous regional export markets.
After gas prices dropped and energy transition programs began, the team switched to clean hydrogen, which fit the business model as well.
The proposition’s core is the carriers themselves. They are referred to as gaseous hydrogen and currently have two design iterations, H2Neo and H2Max (GH2). These versions have a capacity to contain 26,000m3 or 120,000m3 of compressed hydrogen (CH2).