GEV commences hydrogen export study for the HyEnergy Project in WA

October 10, 2021

HIGHLIGHTS:

Key appointments made for commencement of the HyEnergy Export Feasibility Study.
The objective of the study is to demonstrate compressed hydrogen is a preferred export carrier for the HyEnergy Project.
GEV to utilise grant funding provided by the WA Renewable Hydrogen Fund to contribute to the feasibility study costs.

Global Energy Ventures Ltd is pleased to announce the HyEnergy Export Feasibility Study (HyExport Study) has commenced on Province Resources’ (ASX:PRL) HyEnergy ZERO CARBON HYDROGEN® project, with the appointment of key consultants.

Martin Carolan, GEV Managing Director and CEO commented: “GEV is delighted to appoint a group of leading consultants with the specialist experience to assist with the completion of the Company’s first feasibility for hydrogen export using our proprietary marine supply chain. The HyEnergy Project is being positioned to be the first export project of green hydrogen from a greenfield site in Western Australia.”

Key consultants engaged to conduct the feasibility study include:
• WSP as the project lead, responsible for the overarching technical and commercial assessment
• ERM for environmental management with a focus on defining risks, constraints, and the path to approvals
• Oropesa for the offshore terminal design and Gascoyne shipping operations

The scope of the HyExport Study will include the integration of the HyEnergy Project’s proposed green hydrogen production facility with an onshore compression facility and offshore mooring and loading system, as well as the operation of a fleet of compressed hydrogen ships for marine transport to nominated markets in the Asia Pacific region.
The basis of design will be directed by the initial findings of the HyEnergy Project’s ongoing Feasibility Study. GEV anticipates the HyExport Study will be completed in the June quarter of 2022.

GEV will utilise feasibility funding support provided by the WA Renewable Hydrogen Found, Round 2 to support external consulting costs. Under the financial assistance agreement, GEV will provide a knowledge sharing report to the WA Government for their review and public distribution at the completion of the study.

Following the Company’s recent Approval in Principle (AIP) from the American Bureau of Shipping (refer to ASX announcement 6 October 2021), the HyExport Study will the analyse the requirement for a fleet of GEV’s compressed hydrogen ships, including the pilot-sale ship (430-tonne) for phased export volumes, along with the commercial scale ship (2,000-tonne) over the long-term and at full scale of hydrogen production.