Marine transporter takes a look at hydrogen
PERTH (miningweekly.com) – Marine transporter Global Energy Ventures has launched a scoping study to investigate supply chain economics and internal energy requirements to transport hydrogen fuel using its existing compression (C-H2) ships.
“The scoping study will analyse the supply chain economics and internal use of our compressed hydrogen transport solution and compare this with liquefied and chemically bound hydrogen as ammonia using a range of annualised volume and distance to target markets,” said CEO Martin Carolan on Thursday.
“The results of the study will be used internally to further develop and market the C-H2 transport solution as an economic, simple and energy efficient supply chain for the future development of a hydrogen export market,” he added.
Annualised hydrogen volumes of between 50 000 t/y and 400 000 t/y would be investigated, with various market distances, including Australia to Singapore, Japan and South Korea.
Carolan told shareholders that the development of a compressed hydrogen supply chain for the marine transport of hydrogen would provide key benefits to the establishment of a scalable export industry, including low cost of compression and decompression, the availability of established technologies, and the simplicity of the C-H2 supply chain.
The Australian government is investing heavily in the development of a hydrogen export industry in Australia, with studies estimating that a hydrogen industry in the country could potentially generate 7 600 new jobs by 2050, many in regional Australia, with exports estimated to be worth around A$11-billion a year in additional gross domestic product.
Global demand for hydrogen is expected to grow by up to 20-million tonnes by 2030, from the current 70-million tonnes.
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