Ebene News – UA – Can PRL bring zero carbon hydrogen to the world?

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Province Resources (ASX: PRL) formerly Scandivanadium (ASX: SVD) today announced its intention to acquire exploration license applications for a new green energy project located in Western Australia

PRL has entered into a conditional agreement to acquire a company that has seven license applications in the Gascoyne, Wash. area suitable for the development of a renewable green hydrogen project

PRL aims to be Australia’s first truly zero-carbon hydrogen producer (term it has registered)

Potential exports of zero carbon hydrogen from Australia could reach $ 2.2 billion by 2030 and $ 5-7 billion by 2040

PRL’s HyEnergy Renewable Hydrogen project is proposed to produce 1 GW (1,000 MW) of renewable energy in Western Australia using wind and solar power and to produce approximately 60,000 t of hydrogen green or up to around 300,000 t of green ammonia

The result would create clean carbon-free gas or liquid hydrogen fuel that Andrew Twiggy Forrest said “could power the world for all of humanity’s existence”

According to Forrest, by 2050, green (renewable) hydrogen could be the most important source of green energy in the world

“The green hydrogen market could generate revenues, at the very least, of US $ 12 trillion by 2050, more than any industry we have today,” says Forrest

The days of using hydrogen as an ingredient in industrial processes will soon be behind us, as will, potentially, hydrogen made from fossil fuels

Green hydrogen, generated from wind and solar energy, and which has so far been ignored by the business world, could accelerate the fight against climate change

Australia’s Chief Scientist Alan Finkel AO, who was also chair of the COAG Energy Council’s Hydrogen Working Group, said: “The potential for exporting clean hydrogen is enormous, l ‘International Energy Agency and World Energy Council identifying Australia as a potential hydrogen powerhouse We can become a leader in the new industry I call ‘the sun of shipping’, with our hydrogen exports on top of our other energy exports “

Forrest explains that: “If we wait until 2050 to act, our planet will be burnt out Green energy must be available on an industrial and global scale – and at a price that rivals fossil fuels

“When fossil fuels get more expensive than renewable energy, that’s when we reach the tipping point. That’s when the world will seriously begin its journey to become zero carbon”

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It helps to know that Australia is already on the case Not only through Forrest, but also through government agencies such as the Australian Renewable Energy Agency (ARENA)

ARENA took a long look at hydrogen projects, believing it could be the next big export:

The WA government has recently invested heavily in WA hydrogen projects:

So much so that the state has developed its own roadmap Here is an overview of the investments made so far:

$ 5 billion NAIF (Northern Australia Infrastructure Fund) development finance lends to infrastructure projects in the Northern Territory, Queensland and Western Australia

In the past fiscal year, the NAIF made 11 investment decisions valued at over $ 1.4 billion, focusing on stimulating public interest, economic and population growth, and indigenous participation in northern Australia

The NAIF can lend up to 100% of debt and has a greater tolerance for the unique risks of investing in North Australia, including, but not limited to, distance, remoteness and climate

The NAIF has announced investment decisions for projects in a range of sectors and regions, including the Mardie Salt & potash project ($ 450 million), Strandline Resources’ Coburn project ($ 150 million ), the Chichester Solar Gas Hybrid Project ($ 90 million), Onslow Marine Support Base ($ 16.8m), the Kalium Lakes Beyondie SOP Project ($ 74M (plus an additional $ 10M facility), AAMC ($ 12 5m) and Sheffield Resources’ Thunderbird Mineral Sands project ($ 95m)

It’s at an early stage, but PRL has its own well-crafted plan that should get the attention and funding of investors

Province is not the only company considering the development of a renewable hydrogen project in Western Australia, but it is the only junior listed ASX

However, the other players are tall and well advanced with studies that have shown that an even greater capacity than initially expected

Asia Renewable Energy Hub, is backed by CWP Renewables, Macquarie Group and the world’s largest manufacturer of Vestas wind turbines

Vestas Wind Systems announced last week that it had launched the world’s largest offshore wind turbine, pushing its main rival General Electric

The Pilbara project positions itself to be number one as the green hydrogen export market takes off over the next decade or two, aiming for a renaissance of Australia’s clean energy industry and cheap, as well as demand from the energy-intensive north Asian economies such as Japan and South Korea

They have limited domestic renewable energy sources and lie between a rock and a hard place in terms of decreasing their dependence on locally produced and imported fossil fuels.

There are also plans to develop a new massive renewable hydrogen production facility near Kalbarri in Western Australia, with up to 5,000 MW of combined solar and wind projects to supply it

This has the backing of Denmark Copenhagen Infrastructure Partners (CIP), and Hydrogen Renewables Australia has agreed to partner with CIP on the massive project, which is proposed for the Murchison House station on the state’s west coast, an area identified by the engineering company AECOM as a privileged position for the co-location of wind and solar projects in Australia

The aim of the project is to use premium solar and wind energy resources, as well as desalinated seawater, to produce renewable hydrogen in Asian markets, with an eye on the Japan and Korea

It should be noted that Asian investments are the core of the aforementioned projects and, moreover, it would appear that they also represent the likely destination of the final product

However, let’s not forget the current row with China, so an Australian-built project that commits to supplying Australian consumers first would be a big vote winner

PRL described a three-step development process for its HyEnergy RH2 zero carbon renewable hydrogen project

Stage 1 – Foundations and demonstration: Priority pilot test of green hydrogen and green ammonia production in the Carnarvon area and study of the potential gas mixture in the Dampier Bunbury gas pipeline (DBNGP)

Stage 2 – Gas Blending Scaling Up Project to Supply Nearby Dampier Bunbury Natural Gas Pipeline To help meet the state government’s target of 10% of green hydrogen in DBNGP by 2030

Step 3 – Export, large-scale production to supply Asian markets Develop liquefied hydrogen and / or ammonia charging facility in Carnarvon region Subject to customer requirements, hydrogen offtake may be in the form of ammonia or liquefied hydrogen

The second step is interesting because the optimal endgame would be large-scale production to supply Asian markets, as well as several markets in Australia

Australia’s approach to green hydrogen is behind the creation of hydrogen poles – large-scale demand clusters

Ports, cities, regional and remote regions will all be considered and provide industry with its stepping stone to scale

The clusters are designed to make infrastructure development more profitable, promote the efficiency of economies of scale, foster innovation and promote synergies resulting from sector coupling

These will be complemented and improved by other preliminary steps to use hydrogen in transport, industry and gas distribution networks, and to integrate hydrogen technologies into our electrical systems in a way to improve reliability

PRL wants to create a hydrogen hub in Carnarvon which will significantly contribute to national, state and local goals for new investments, new jobs, renewable energy sources and new export markets

It’s a clean-burning molecule that can help decarbonize a range of hard-to-clean sectors So green hydrogen produced from renewable electricity could be the solution to reducing our carbon footprint

This next video explains how Australia could be the world leader in the production and distribution of green hydrogen

PRL seeks to become an Australian leader in green hydrogen production, through its Zero Carbon Hydrogen ProjectTM It would be the only ASX-listed junior to do so, providing investors with an excellent early entry point into this market by growth

The Gascoyne region of Western Australia has world-class solar and wind resources, and significantly these resources are perfectly complementary, with high incidence of the sun during the day and strong winds in the morning, evening and the night This enables predictable and firm renewable electricity production at a competitive price, 365 days a year

Carnarvon has an annual average wind speed of 255 km / h, making it the 4th windiest place in Western Australia

In addition, the existing wind farms in Denham and Coral Bay are functioning as a proof of concept in the Gascoyne region

Meanwhile, large-scale wind farms are planned in Pilbara’s “Cyclone Alley”, where cyclones crossing the coast are common

All of this supports the Carnarvon region as a preferred low risk wind site in Western Australia and is one of the reasons why PRL is moving here

Carnarvon has a rich solar resource with an average of 211 days of sunshine per year, with an average solar exposure of 22 MJ / m2 / day (or 624 kWh / m2 / day)

With its low competitive land use and high solar resources, the PRL project area is ideal for a large-scale solar panel array

Discussing the benefits of hydrogen production, Honorable Alannah MacTiernan, Minister of MLC, Assistant Minister of State Development Jobs & Trade said: “Hydrogen provides a way to harness our resources world-class solar and wind turbines for exporting energy, and helping our partners meet emission reduction targets “

PRL is an early stage play, but there is a real opportunity for it to take the reins in providing an all-Australian green hydrogen solution that could have a global impact

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Ebene News – UA – Can PRL bring zero carbon hydrogen to the world?

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