Brief: Australian Renewable Energy Agency Announces Funding For Renewable Hydrogen Project In Gladstone

IWATANI

26/05/2023 01:32

May 26 (Reuters) - Marubeni Corp  8002.T :
    * STANWELL & INTERNATIONAL CONSORTIUM PROGRESS LARGE-SCALE
RENEWABLE HYDROGEN PROJECT IN GLADSTONE
    * ANNOUNCED A$20 MILLION IN FUNDING TO STANWELL CORP TO
SUPPORT
FRONT-END ENGINEERING & DESIGN STUDY FOR HYDROGEN PROJECT IN
GLADSTONE
    * FACILITY WILL INITIALLY PRODUCE 200 TONNES PER DAY OF
HYDROGEN
AND RAMP UP IN 200 TPD INCREMENTS AS ADDITIONAL OFFTAKE
AGREEMENTS ARE SECURED
    * STUDY WILL ALSO INVESTIGATE DEVELOPMENT OF HYDROGEN
LIQUEFACTION
FACILITY BASED AT PORT OF GLADSTONE
    * FEED STUDY IS EXPECTED TO BE COMPLETED BY MID 2024
    * FULL SCALE HYDROGEN PRODUCTION FROM PROJECT ANTICIPATED TO
BE
800 TPD FOR COMMERCIAL OPERATIONS IN 2031
    * WITH STANWELL, CONSORTIUM MEMBERS INCLUDE IWATANI CORP,
KANSAI
ELECTRIC POWER CO, KEPPEL INFRASTRUCTURE & MARUBENI CORP


Further company coverage:  8002.T 

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