Verdant Earth Technologies is looking to advance a potential strategic alliance in order to create a green hydrogen port and export facilities in Darwin, Australia.
The renewable energy asset and technology developer has said today (May 17) that it will seek to establish a hydrogen production facility using sustainable power, such as wind and solar, to produce green power and hydrogen for the domestic market and export to Asia.
To execute this, Verdant will explore a potential partnership with Darwin Port Operations as the company seeks to become one of Australia’s largest hydrogen producers and exporters.
Hydrogen production could start in late 2022 or early 2023 at an initial rate of 6 tonnes per day followed by a significant scale up in 2024.
This is in line with Verdant’s ambition to establish 10 sustainable hydrogen production facilities across Australia.
The strategic location of the port could see potential export value of hydrogen onto the lucrative Asian markets.
Darwin is among four regional centres that the Morrison Government wants to share in the A$275m ($213m) to make Darwin a home of a future clean hydrogen hub.
Richard Poole, CEO of Verdant, said, “Hydrogen continues to attract greater support from the Australian Government, with the recent federal budget commitment of a further $1.6 billion to fund priority technologies, including clean hydrogen.”
“Verdant Earth Technologies is working to help establish Australia as a major green hydrogen producer and exporter.
“A strategic alliance with Darwin Port would pave the way for the establishment of a green hydrogen hub at Australia’s nearest port to Asia and the country’s ‘northern gateway’ for Australasian trade.”