The company won’t proceed with the land acquisition in Bracalba in Queensland, instead, it will develop the Moreton Bay Hydrogen Hub for Emerald Hydrogen manufacturing and distribution facilities.
Supporting the advancement of Emerald Hydrogen (waste-to-hydrogen) technology presents a long runway for future growth and aligns with Pure Hydrogen’s ambition to be the lowest cost supplier in the market.
“If we are to achieve our ambitious goal to be a global supplier of low-cost hydrogen, it makes sense to focus our efforts on building a customer base now, supplying those customers with ‘whole of life’ solutions including the supply of zero emission vehicles and devices and green hydrogen fuel,” Pure Hydrogen managing director Scott Brown said.
“With respect to developing a network of green hydrogen micro-hubs, we have a number of opportunities earmarked underpinned by existing technology and equipment suppliers.
“At the same time, we are looking for Emerald and Turquoise Hydrogen production plants with partner technology ti provide low-cost hydrogen in the medium to long term.”
Pure Hydrogen’s strategy is now focused on the development of multiple CAPEX light green hydrogen micro-hubs, which will produce green hydrogen from electrolysers using onsite solar and green energy.
The company has identified some sites that it can lease on competitive terms which could be suitable for micro-hubs to satisfy near term hydrogen demand from hydrogen-powered commercial vehicles.
Pure Hydrogen’s investee-company Turquoise Group, from which Pure Hydrogen owns 40 per cent, is about to commence its pilot plant at its site at Darra, Queensland.
The pilot plant holds the promises of low-cost hydrogen and Pure Hydrogen has secured rights to buy the offtake from Turquoise Group.