Port Anthony’s hydrogen play boosted by US renewable tech company
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Port Anthony Renewables is bringing in serious expertise to help develop its planned biomass-to-hydrogen clean energy project in Victoria.
The company has signed an agreement with NYSE-listed Babcock & Wilcox, which has more than 150 years of experience in delivering and developing renewable energy technologies.
This is well timed given recent hydrogen moves by the Queensland and New South Wales state governments.
Under the $30m deal, Port Anthony Renewables will use Babcock & Wilcox’s BrightLoop hydrogen technology to produce hydrogen at an initial rate of 3 tonnes per day.
The technology, part of the US company’s ClimateBright suite of decarbonisation technologies, uses a proprietary regenerable oxide particle to generate hydrogen from waste timber and other woody feedstock while isolating carbon dioxide for carbon capture processes.
“The fact that such a large, multinational NYSE listed heavyweight has actively pursued and secured a position in the PA Renewables Hub really drives home what is on offer at Port Anthony Renewables,” managing director Ben Anthony said.
“It also provides insight into the strength of its joint venture partners, and the aggregate ability of those companies – under the auspices of the PAR group – to deliver on expected outcomes, aligning with both state and federal policy, whilst ensuring community expectations are also met.”
Earlier this month, the company formed a joint venture with Singapore’s CAC-H2 to build and commission a waste woody biomass gasification system to produce carbon negative green ammonia for both domestic use and export.
Port Anthony Renewables is looking to handle over $632m worth of cargo and produce over 6 million kilograms of hydrogen over the next five years.
This article was developed in collaboration with Port Anthony Renewables, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.