Total
0
Shares
Global Energy Ventures (ASX:GEV) - CEO & Chairman, Maurice Brand - The Market Herald
CEO & Chairman, Maurice Brand
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Global Energy Ventures (GEV) says a recent study has proved it can deliver an emission free compressed hydrogen supply chain.
  • The study demonstrates GEV’s could provide a zero-emission supply chain to produce green hydrogen in Australia for markets in the Asia–Pacific region
  • Export volumes could range from 50,000 to 400,000 tonnes of green hydrogen per annum, produced from renewable power and electrolysis
  • Following a recent $6.3 million placement, GEV says it's in a good financial position to advance the C-H2 program for 2021
  • Global Energy Ventures is up 5 per cent and trading at 10.5 cents per share

Global Energy Ventures (GEV) says a recent study has proved it can deliver an emission free compressed hydrogen (C-H2) supply chain.

According to the company, the study demonstrates GEV’s C-H2 supply chain could be a competitive large-scale marine hydrogen transport solution up to 4,500 nautical miles (around 8300 kilometres).

The solution aims to provide a simple and energy efficient supply chain for export volumes ranging from 50,000 to 400,000 tonnes of green hydrogen per annum, produced from renewable power and electrolysis.

GEV says C-H2 provides a solution for the hydrogen economy, potentially providing a zero-emission supply chain for green hydrogen to be produced in Australia for markets in the Asia-Pacific region.

''When compared to Liquefaction (LH2) and Ammonia (NH3), we have demonstrated C-H2 is the simplest, with minimal technical barriers to achieve commercialisation in line with timelines for large-scale projects seeking a transport solution,'' said the Executive Director of GEV, Martin Carolan.

Last month, GEV announced a collaboration with Ballard Power systems to develop a hydrogen fuel cell system for GEV’s compressed hydrogen ship.

Today, the company says the recent study results give it confidence to rapidly develop the C-H2 ship and supply chain to the next phase.

Following a recent $6.3 million placement, GEV says it's in a good financial position to advance the C-H2 program for 2021.

''GEV will now accelerate its plan to address key markets for green hydrogen, alongside advancing the C-H2 Ship approvals from American Bureau of Shipping expected in 1H 2021 and define our own green hydrogen export project in Australia to support the construction of a pilot scale C-H2 Ship,'' Martin continued.

Global Energy Ventures is up five per cent, trading at 10.5 cents per share at 10:22 am AEDT.

GEV by the numbers
More From The Market Herald
Origin Energy (ASX:ORG) - Chief Executive Officer, Frank Calabria - The Market Herald

" Origin Energy (ASX:ORG) updates guidance after losing price review

Origin Energy (ORG) has updated its cost of supply guidance after losing a price review of gas purchased from Beach Energy (BPT).
Renascor Resources (ASX:RNU) - Managing Director, David Christensen - The Market Herald

" Renascor Resources (ASX:RNU) investigates green financing options

Renascor Resources (RNU) is investigating green financing options for the Siviour Battery Anode Material Project in South Australia.
State Gas (ASX:GAS) - Executive Chairman, Richard Cottee - The Market Herald

" State Gas (ASX:GAS) provides Reids Dome production testing update

State Gas (GAS) has provided an update on the production testing happening at its Reids Dome Gas Project in the Bowen Basin of
Global Oil and Gas shareholders must re-vote for South Georgina sell-off

" Global Oil & Gas (ASX:GLV) to receive $450K under CVS loan

Global Oil & Gas (GLV) has entered a deed of assignment with Cervantes Corporation (CVS) in relation to a loan agreement.