PERTH (miningweekly.com) – ASX-listed Provaris Energy on Tuesday said it would incorporate the findings from the Western Australian government’s Compressed Hydrogen Export Feasibility Study Public Sharing Reporting into its feasibility study (FS) for its HyEnergy project.
The study, which received funding from the state government’s Renewable Energy Fund, analysed the compression and export of 200 000 t/y of green hydrogen from the proposed HyEnergy hydrogen production facility in the Gascoyne region, and includes compression facilities, an outgoing pipeline to an offshore loading terminal, a fleet of Provaris’ proprietary H2Neo 26 000 m3 GH2 Carriers, and an import terminal in Singapore.
The government study estimated that the onshore compression facilities could create some 615 full-time jobs over a 34-month execution plan, while the operation of the onshore compression facilities would support 14 full-time jobs, excluding any additional indirect employment opportunities.
Modelling estimated that the project would require a capital investment of $2.5-billion, but noted that further design, development and optimsations are expected to reduce the capital and levelized cost of the hydrogen.
“We thank the Western Australian government for their support and financial assistance through the Western Australian Hydrogen Fund. Compression is a proven, safe and reliable method of storing and transporting hydrogen onshore. Outcomes of this study continues to demonstrate a compressed hydrogen supply chain for marine storage and transport solution can accelerate the development of greenfield hydrogen export projects with the flexibility to also cater to offshore loading requirements and variable renewable energy production profiles,” said Provaris MD and CEO Martin Carolan.
“We look forward to the next stage of development for the HyEnergy project and incorporating the outcomes of this study into the project’s prefeasibility study.”