Real Energy’s subsidiary Pure Hydrogen will hold a 60 per cent stake in the company, to be known as Pure Hydrogen International, which will be incorporated in the US.
The two Queensland projects would be known as Project Mars (Mackay) and Project Jupiter (Gladstone).
the two companies said the joint venture would deliver scale and allow the four projects to be delivered quickly.
Real Energy managing director Scott Brown said the aim was to initially have pilot plants at the four locations which would sell hydrogen fuel to local customers but this could be expanded quickly to create export volumes.
“Real is focusing on hydrogen because it has the potential to be a game-changer for Australia’s energy roadmap,” Brown said.
“The most exciting aspect about hydrogen is that it has many benefits for the environment and as a fuel produces more energy per kilogram than natural gas.”
The joint venture will have to lock in end users as well as find manufacturing and distribution specialists.Jump to next article