Provaris Energy is pleased to announce it has now completed all key deliverables of the HyEnergy® Export Feasibility Study  and submitted it to the WA Government and HyEnergy Project partners.

Provaris’ Managing Director and CEO Martin Carolan commented: “After a year of engagement with the HyEnergy® project partners and more than six months of design and engineering, we are delighted to have handed over the completed feasibility report. We are now working with the WA Government on delivering a public knowledge sharing document that will enable Provaris to share the outcomes of the study with shareholders and the broader H2 industry. The outcomes will demonstrate the advantages of our compressed hydrogen solution.

“The suitability of offshore loading and compressed hydrogen can position Western Australia as an early mover in large-scale hydrogen exports. We are also discussing next steps with the HyEnergy® Project partners on how the findings of this feasibility will integrate with their ongoing project studies and overall development approach.”

Province Resources’ Managing Director David Frances commented: “We are very encouraged by the findings of the HyExport Study and look forward to exploring them further in our feasibility studies.”

The scope of the HyExport Study included 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 Provaris’ H2Neo carriers for marine transport to nominated markets in the Asia-Pacific region.

As per the Financial Assistance Agreement executed with the WA Government, the outcomes of the Study Report are anticipated to be made available to shareholders in the December quarter 2022. To date Provaris has received funding payments for three of the five agreed milestones.