AusGroup in talks with Global Energy Ventures to provide export infrastructure support

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AusGroup‘s subsidiary NT Port and Marine is in preliminary non-binding talks with Global Energy Ventures (GEV) to use NT Port and Marine’s infrastructure to assist in the development of GEV’s proposed green hydrogen export project, the Singapore-listed company said in a filing to SGX Wednesday.

The project is located on the Tiwi Islands, Northern Territory, the filing said.

“NT Port and Marine has established itself as reliable owner of export infrastructure to support renewable projects which grows the economic development of the Tiwi Islands and the Northern Territory,” Shane Kimpton, CEO and managing director of AusGroup, said in the statement.

“The announcement of the Tiwi Hydrogen Project by Hon. Eva Lawler MLA (Minister for Renewables and Energy NT) today is an exciting project which can utilise NT Port and Marine’s export infrastructure and industrial precinct on the Tiwi Islands that will enable this project to reduce its capital costs and provide a new source of green hydrogen to the Asia-Pacific Region,” Kimpton added.

GEV said it plans to develop a green hydrogen project with a phased capacity of up to 2.8 GW, producing up to 100,000 tonnes a year of green hydrogen for export.

“The strategic rationale for GEV to develop a landmark upstream renewable energy and green hydrogen production project is to demonstrate the simplicity and efficiency of using compression for a pipe-to-pipe green hydrogen supply chain and to provide greater certainty in the commercialisation of our shipping solution,” Martin Carolan, CEO and managing director of GEV, said in a statement.

Read the AusGroup and GEV statements.