Pure Hydrogen’s Turquoise Group on track to complete demonstration plant early next year
Special Report: Pure Hydrogen investee company Turquoise Group is in the final construction phase for its turquoise hydrogen and graphene demonstration plant after receiving key equipment.
Pure Hydrogen (ASX:PH2) has a 40% stake in Turquoise Group, which is developing the commercial demonstration plant in Brisbane is collaboration with Plenesys, the designer of the HyPlasma technology process.
Turquoise hydrogen involves the controlled decomposition of methane gas (natural gas) into both hydrogen and solid carbon products such as graphene.
Not only is this approach highly energy efficient and water-free, it also does not generate carbon dioxide emissions.
This contrasts green hydrogen, which uses electrolysers powered by renewable energy to convert water into hydrogen and oxygen.
Turquoise Group’s key focus is on the continuous transformation of solid carbon into high value products, including high-quality graphene.
PH2’s strategic 40% investment interest in Turquoise Group is non-dilutive for a 3.5-year period. It also grants the company exclusive rights to acquire hydrogen produced by Turquoise Group within Australia for a 20-year period at attractive market prices.
The delivery of key plasma-based methane pyrolysis equipment manufactured by Plenesys allows Turquoise Group to complete construction and commissioning of the commercial demonstration plant (CDP), which remains on track for Q1 2024.
Pyrolysis equipment from Plenesys arriving at Turquoise Group’s facility in Brisbane. Pic: Supplied (PH2).
Once construction is completed, a six-month intensive test program will then follow, focusing on optimising hydrogen production and advancing graphene production capabilities.
“We are pleased to announce the next milestone with respect to the collaboration between Turquoise Group and Plenesys for the commercial demonstration plant in Brisbane,” PH2 managing director Scott Brown said.
“The delivery of the state-of-the-art pyrolysis technology from Plenesys followed an extensive period of engagement and planning to establish detailed specifications.
“With all equipment now successfully procured, the Turquoise Group can move towards construction and testing, with the view to proving the commercial viability of the emerging turquoise hydrogen technology.”
Turquoise Group managing director Sam Taubert said the company was confident in proving hydrogen and graphene production after the construction and commissioning phases of the CDP are completed.
“This technology will be pivotal in providing low-emission hydrogen and graphene production, while contributing to global decarbonisation efforts,” Taubert said.
“Looking forward to 2024, subject to a successful testing phase, we anticipate numerous commercial opportunities that will reinforce the viability of this ground-breaking technology.”
This article was developed in collaboration with Pure Hydrogen, 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.