Provaris Energy Ltd (ASX:PV1) has demonstrated the technical and commercial viability of the HyEnergy® Export project with the submission of a feasibility study to the Western Australian Government and project partners – Province Resources and Total Eren – for final review.
The study analysed the export of 200,000 tonnes of green hydrogen per annum from the HyEnergy Project into Asia-Pacific with a specific focus on delivery to Singapore.
According to Provaris, the study confirms the feasibility of creating a compressed hydrogen export supply chain from the proposed Gascoyne site without the need for a conventional onshore port.
Hazard identification, operational modelling, and an environmental assessment confirmed there were no material risks that would prevent the project’s progression to the next stage of design and engineering.
Study demonstrates advantages of compressed H2
“After a year of engagement with the HyEnergy® project partners and more than six months of design and engineering, we are delighted to have handed over the completed feasibility report,” Provaris managing director and CEO Martin Carolan said.
“We are now working with the WA Government on delivering a public knowledge sharing document that will enable Provaris to share the outcomes of the study with shareholders and the broader H2 industry.
“The outcomes will demonstrate the advantages of our compressed hydrogen solution.
“The suitability of offshore loading and compressed hydrogen can position Western Australia as an early mover in large-scale hydrogen exports.
“We are also discussing next steps with the HyEnergy® Project partners on how the findings of this feasibility will integrate with their ongoing project studies and overall development approach.”
The HyExport study was completed on budget with funding support from the Western Australian Renewable Hydrogen Fund, part of the Western Australian Government’s Renewable Hydrogen Strategy.
The scope of the HyExport Study included the integration of the HyEnergy Project’s proposed green hydrogen production facility with an onshore compression facility and offshore mooring and loading system, as well as the operation of a fleet of Provaris’ H2Neo carriers for marine transport to nominated markets in the Asia-Pacific region.
Provaris expects the Western Australian Government to release the public knowledge sharing report with a summary of the studies’ outcomes in the December quarter this year.
Project partner Province Resources managing director David Frances commented: “We are very encouraged by the findings of the HyExport Study and look forward to exploring them further in our feasibility studies.”