Pure Hydrogen has entered into an agreement with CAC-H2 to construct three waste-to-hydrogen reactors on Australia’s east coast.
The facilities will convert wood waste that would otherwise end up in landfills into renewable hydrogen.
This comes amid a concerted effort to develop the hydrogen economy as Australia works toward its target of net zero emissions by 2050.
Pure Hydrogen (ASX:PH2) intends to build the first facility north of Brisbane in late 2022.
The firm will fund storage and load-out, while CAC-H2 will finance, construct, and manage the plant.
Additional plants will be constructed in Sydney and Melbourne, creating new jobs and opportunities in the fast increasing clean energy and renewables sectors, while also assisting Australia’s crucial path toward decarbonisation and meeting its climate goals.
“We are very excited to be partnering with CAC-H2 and establishing facilities to service the east coast of Australia supplying hydrogen fuel,” managing director Scott Brown said.
“We are pulling all facets of the supply chain together to deliver a complete solution for commercial and industrial users.
“We will continue to develop our existing projects and the partnership with CAC-H2, which will allow us to bring forward hydrogen supply coverage to the east coast more rapidly.”