ASX Renewable Energy Stocks: Unlisted Jemena breaks ground on $16M biomethane demo
Link copied to
Unlisted Jemena Gas Networks, previously named Alinta, is breaking ground at its $16m project focused on turning waste flowing to Australia’s largest wastewater treatment plant into carbon neutral gas for use in Sydney homes and businesses.
The Malabar Biomethane project, co-funded by Jemena and ARENA, will be the first in Australia to blend biomethane directly into the gas network, with the aim to start production by the end of 2022.
Jemena says the project will have an initial capacity of 95 Terajoules (TJ) of gas per year, which is enough gas to meet the needs of approximately 6,300 homes.
This number could scale up to 200TJ per annum – which is enough gas to meet the needs of 13,300 homes.
Jemena’s general manager renewable gas, Peter Harcus says biomethane has the potential to play a huge role in meeting Australia’s net-zero emissions targets.
“This project will start to allow Sydney households to keep using gas, while also reducing their carbon footprint,” says Harcus.
“For our commercial and industrial customers – whose manufacturing processes are difficult to decarbonise – this project will help enable them to maintain their operations, keep people in jobs, and help to decarbonise their supply chain.”
Biomethane is produced by upgrading biogas which is created through anaerobic digestion; a process which sees bacteria break down waste such as organic matter in wastewater to produce gas.
The upgrading process separates methane from other gases and contaminants to produce biomethane.
This resulting biomethane gas is carbon-neutral and, importantly, can be used in the same way natural gas is used today – giving customers a renewable gas option, without having to change their appliances.
“One great benefit of biomethane is it can be used with the cooktops and heaters that people have in their homes right now, and without the need to change home appliances or extensive upgrades to the gas network – it’s a pathway that would enable us to reduce emissions faster, while saving people money,” Harcus says.
The Malabar Biomethane project is expected to remove 5,000 tonnes of carbon, and potentially 11,000 tonnes if scaled up to its full potential.
Smart building materials company, CPV has executed a manufacturing and distribution agreement with USA-based Advanced Impact Technologies Inc (AITI) for the manufacture, sale and marketing of CPV’s solar PV glazing products.
AITI and its associated group companies have operated in commercial lamination and glazing for over 40 years with branches in Massachusetts and Florida.
The agreement provides for exclusive manufacturing and distribution rights to AITI for the states of Massachusetts and Florida, sole rights to supply the rest of the US territories (excluding Pennsylvania) and Canada, and OEM manufacturing rights to supply to ClearVue for on-supply in those same territories.
FGR closed out the last quarter of the 2022 financial year with a strong revenue performance thanks to several significant orders being received.
The strong Q4 result has driven total revenue growth for FY22 to a 111% increase over FY21, which it says is testament to the company’s ongoing commercialisation of its graphene technologies.
It also signifies a shift in market sentiment as recognition and understanding increases in key industrial segments to the benefits offered by graphene solutions.
With the split of revenue across the various core segments, there is evidence that First Graphene’s targeted strategies, go-to-market plans and focus on actively engaging with industry partners continues to gain traction.
FGR also has forward orders for FY23 of roughly A$160,000, predominantly across the Cement/Concrete and Composites/Plastics segments.