Global Energy Ventures Ltd (ASX: GEV, the Company) is pleased to provide an update on the development of a new compressed hydrogen ship (C-H2 Ship) and supply chain to transport the zero-carbon fuel of the future.
HIGHLIGHTS:
- GEV commences Scoping Study for the full supply chain economics and internal energy requirements for the marine transport of hydrogen using its C-H2 Ship.
- GHD appointed to support the techno-economic evaluation of alternate hydrogen supply chains, including the export and shipping solutions using liquified hydrogen (LH2) and ammonia (NH3).
- Scoping Study outcomes will include a dynamic model that enables GEV to compare the delivered cost of hydrogen for each of the supply chains across a number of variables, including shipping distance and export volumes.
Martin Carolan, Executive Director commented: “The Scoping Study will analyse the supply chain economics and internal energy use of our compressed hydrogen transport solution and compare with liquified and chemically bound hydrogen as ammonia using range of annualised volume and distance to target markets. The results of the study will be used internally to further develop and market the C-H2 transport solution as an economic, simple and energy efficient supply chain for the future development of a hydrogen export market.”
TECHNO-ECONOMIC EVALUATION OF THE COST & ENERGY EFFICIENCY OF HYDROGEN SUPPLY CHAINS
The Company has commenced a Scoping Study on the marine transport of hydrogen using the C-H2 Ship design and supply chain, and appointed GHD to provide their analysis of the key supply chains available for the marine transport of hydrogen. The work will include a techno-economic evaluation including estimated energy requirements for compression (C-H2), liquefaction (LH2) and ammonia (NH3) to export an annualised volume of hydrogen (50,000 to 400,000 tpa) to various market distances (i.e. Australia to Singapore/Japan/South Korea).
An overview of the simplicity of GEV’s C-H2 supply chain as compared to LH2 and NH3 is illustrated in Figure 1 below.
Figure 1: Process Flow for C-H2, LH2 and NH3 Supply Chains