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
The outcome of the analysis will include Class 4 / Class 5 equivalent estimates for capital and operating costs for each supply chain alternative, along with the internal energy requirements.
GHD’s team for the engagement will include technical, logistics and simulation modelling experience, having worked on Australian hydrogen project studies. For further information on GHD’s expertise, please visit their website at www.ghd.com/en-au/expertise/future-energy.aspx .
The Scoping Study is targeted for completion in the first quarter of 2021.
BENEFITS OF A C-H2 SUPPLY CHAIN
The development of a compressed hydrogen supply chain for the marine transport of hydrogen will provide key benefits to the establishment of scalable export industry.
- − Simplicity of C-H2 the supply chain
- − Energy efficiency of the C-H2 supply chain
- − Low cost of compression and decompression
- − Established technologies are available
APPROVAL IN PRINCIPLE ON SCHEDULE FOR 1H 2021
Further to the announcement by the Company on 4 November 2020, GEV is also pleased to confirm the project team has continued to progress engineering, process design and ship specification work required for the American Bureau of Shipping (ABS) Approval in Principle (AIP) expected in the 1H of 2021. The Company has engaged Capilano Maritime and ABS consultants to assist with the AIP application.
In parallel, the ABS approvals program will include a preliminary HAZID study and filing of US Patent Application associated with the C-H2 ship design. The final ship specification and drawings for the containment system is expected to be incorporated into a US patent application.
OVERVIEW OF GEV’S COMPRESSED HYDROGEN SHIP
GEV’s C-H2 Ship and containment system have been designed using three key principles:
- Optimise the volume of hydrogen that can be stored in the hull of a ship utilising compression;
- Optimise the cost, availability, and constructability of the ship; and
- Meet or exceed the design rules and safety standards established by the American Bureau of Shipping.
The advantage of compression for the regional transport of hydrogen is the simplicity and energy efficiency of the supply chain, particularly when compared with the complexity and energy intensity of alternative transport methods.
