Join our daily newsletter At The Bell to receive exclusive market insights
- Pure Hydrogen (PH2) and Wildfire Energy have signed a memorandum of understanding (MOU) to supply hydrogen from commercial waste
- Wildfire will utilise its technology which essentially turns waste into renewable energy and hydrogen
- The energy company will also deliver a plant south of Brisbane that will aim to produce 1500 kilograms of hydrogen per day
- Pure Hydrogen will then sell the product to end users through its planned network of hydrogen hubs
- This aligns with Pure Hydrogen’s goal of building a network of hubs across Australia and becoming one of the largest hydrogen producers in the country
- Pure Hydrogen’s shares are trading in the grey at 23.5 cents
Pure Hydrogen (PH2) has signed a memorandum of understanding (MOU) with Wildfire Energy.
Wildfire is an Australian renewable energy company focussed on turning waste into renewable energy and hydrogen using its proprietary process.
The Moving Injection Horizontal Gasification (MIHG) process works by loading waste into the MIHG reactor with raw syngas and then removing it for hydrogen to be separated and purified.
“We are excited to work with Wildfire Energy as they utilise their unique new technology which will broaden the scope of our hydrogen producing operation,” Pure Hydrogen Managing Director Scott Brown said.
Under the MOU, the companies will work together to supply customers with hydrogen from commercial waste using Wildfire Energy’s MIHG technology.
Wildfire will deliver a plant south of Brisbane that will aim to produce 1500 kilograms of hydrogen per day. Pure Hydrogen will then sell the product to end users through its planned network of hydrogen hubs.
This aligns with Pure Hydrogen’s goal of building a network of hydrogen storage and distribution hubs across Australia and becoming one of the largest hydrogen producers in the country.
“Partnering with established and proven technology partners is a key plank in our growth initiatives and illustrates that we have the necessary technology, infrastructure and skills to deliver clean, green hydrogen fuel to industry and consumers,” he added.
The MOU is subject to certain conditions including due diligence activities, executing a formal commercial agreement, as well as Wildfire demonstrating the capability of its technology.
Pure Hydrogen’s shares are trading in the grey at 23.5 cents at 2:31 pm AEDT.
