AN INDEPENDENT study in Europe has identified Australia as one of the two most favourable countries for green hydrogen production.
Australia and Brazil were highlighted for their “particularly favourable” conditions for the import of green ammonia, methanol and kerosene.
ASX-listed energy company Provaris said the Fraunhofer ISE study – a cost analysis on behalf of H2Global – reinforced the outcomes of its own 2023 Hydrogen Marine Transport Comparison Report completed in May this year.
Provaris said another recent European report, Hydrogen import options for Germany, also supported the technical and economic outcomes of the Provaris report.
The company said both new reports supported its focus on the development of regional hydrogen supply chains in Europe.
“Provaris champions the development of regional hydrogen supply chains that prioritise both energy efficiency and robust economic returns,” Provaris managing director and CEO Martin Carolan said.
“These independent publications serve as a formidable endorsement of our 2023 study’s findings and will undoubtedly catalyse the acceptance of our delivery model for gaseous green hydrogen,” he said.
“The overall simplicity, transparency and cost-competitiveness of compression as a means for transportation make it a persuasive choice for ports, pipelines and end users alike.
“As we advance toward securing the final class approvals for hour H2Neo carrier, Provaris’ commitment to bulk-scale storage and transport through compression technology stands as an increasingly lower-risk endeavour.”
Mr Carolan noted the company’s focus in the European market has received a boost from the EU parliament from the Renewable Energy Directive.
“This directive mandates that by 2030, a substantial 42% of all hydrogen utilised by industry must be from renewable generation.”
The Fraunhofer ISE study Power-to-X Country Analyses covers pipeline options for a number of regional green hydrogen production sources and set out to identify the cheapest production regions and the impact of transportation to Germany.
And the Hydrogen import options for Germany study by Agora Industrie and TU Hamburg presented value chain costs for delivery of green hydrogen in gaseous form to Wilhelmshaven.