- Province Resources (PRL) appoints PricewaterhouseCoopers to help develop its green hydrogen project in the Gascoyne region of WA
- PwC is an advisory firm and plans to support PRL with a multi-disciplinary team across legal, integrated infrastructure and tax issues
- The appointment comes days after the company announced it is forging ahead with development of the project, with a scoping study underway
- Managing Director David Frances says having PwC working on the project is a significant addition to the company
- Shares closed 6.2 per cent lower at 15 cents on August 18
Province Resources (PRL) has appointed PricewaterhouseCoopers to help develop its green hydrogen project in the Gascoyne region of Western Australia.
PRL said the consultancy firm had a track record in helping with the delivery of major infrastructure projects.
The appointment comes just days after the company announced it is “forging ahead” with the project, with a scoping study underway as well as recruitment and onboarding of staff.
PwC plans to support the company with a multi-disciplinary team working across legal, integrated infrastructure and tax issues.
Province Resources Managing Director David Frances commented PwC was another significant addition to the company’s bench strength, which he believes positions it at the forefront of green hydrogen developments in Australia.
“PwC has deep experience in working with government agencies to facilitate major developments and I’m excited to have them supporting the HyEnerygy Project,” he said.
Mr Frances said the overwhelming international interest in green hydrogen placed Australia in a good position to become a significant global supplier and he believes the HyEnergy Project has the potential to be at the front of these developments.
The company is also encouraged by comments from the International Energy Agency’s Executive Director Faith Birol, who described hydrogen as “ready for the big time”.
The IEA see green hydrogen as playing an important role in achieving net zero emissions by 2050 around the globe.
Shares closed 6.2 per cent lower at 15 cents on August 18.