Provaris Energy welcomes release of WA Government's Compressed Hydrogen Export Feasibility Study
Proactive Investors
Published Jan 31, 2023 12:03
Updated Jan 31, 2023 12:30
Provaris Energy welcomes release of WA Government's Compressed Hydrogen Export Feasibility Study
Provaris Energy Ltd (ASX:PV1) has welcomed the release by the Western Australian Government of the Compressed Hydrogen Export Feasibility Study Public Sharing Report highlighting the technical and commercial feasibility for the export of green hydrogen from the HyEnergy® Project in the Gascoyne region to Asia Pacific markets.
First announced in September 2021, the study received funding from the Renewable Hydrogen Fund as part of the WA Government’s Renewable Hydrogen Strategy.
The study’s scope outlines the compression and export of 200,000 tonnes per annum of green hydrogen from the proposed HyEnergy hydrogen production facility.
This includes compression facilities, an outgoing pipeline to an offshore loading terminal, a fleet of Provaris’ proprietary H2Neo 26,000 cubic metre GH2 Carriers and an import terminal in Singapore.
Technically and commercially feasible
The feasibility study indicates that a compressed hydrogen export supply chain is a technically and commercially feasible method for the offshore loading and export of green hydrogen, with an average delivery rate in excess of 98% of the target annual throughput.
Moving forward, Provaris will continue to support the HyEnergy® Project to incorporate the study outcomes into the project’s pre-feasibility study.
Accelerate development
Provaris managing director and CEO Martin Carolan said: “We thank the WA Government for their support and financial assistance through the WA Hydrogen Fund 2.”
“Compression is a proven, safe and reliable method of storing and transporting hydrogen onshore.
“Outcomes of this study continue 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.
“We look forward to the next stage of development for the HyEnergy® project and incorporating the outcomes of this study into the project’s pre-feasibility study.”
Compressed hydrogen supply chain.
Study highlights
The study demonstrated that the use of an offshore loading solution for compressed hydrogen can accelerate the development of greenfield hydrogen export projects with minimal technical barriers and smaller environmental footprints.
A proposed offshore loading terminal will utilise a Single Anchor Loading (SAL) for the loading of GH2 carriers.
The design of the SAL is by APL NOV, who has delivered and commissioned similar technologies to the offshore oil and gas industry for more than 30 years.
The proprietary system provides high operability limits, allowing connection and loading to take place at a significant wave height of 3.5 metres.
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Project overview.
About HyEnergy project
The HyEnergy Project is a proposed green hydrogen production project co-developed by Province Resources and Total Eren and is in Western Australia’s Gascoyne Region, near Carnarvon.
HyEnergy involves installing a wind and solar farm with a proposed renewable energy capacity of at least 8 gigawatts over a land area above 350,000 hectares.
This project is in a detailed planning phase and is due to submit an environmental impact statement (EIS) and application for development planning approval.
In August 2021, the project proponents entered into a memorandum of understanding with Provaris to undertake a study to evaluate the technical and commercial feasibility of exporting hydrogen from HyEnergy, utilising a fleet of Provaris’ compressed gaseous hydrogen export solution.
In September 2021, the Western Australian Renewable Hydrogen Fund provided funding to Provaris to support this compressed hydrogen export study.
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