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Old 10-06-2021, 01:14 AM
Sparty Sparty is online now
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Default GEV another approval milestone

Approval milestone for innovative compressed hydrogen ship
HIGHLIGHTS:
• American Bureau of Shipping (ABS) issued its Approval in Principle (AIP) for GEV’s pilot compressed hydrogen ship with a 430-tonne cargo capacity.
• GEV’s compressed hydrogen ship is a safe, energy efficient and cost competitive hydrogen carrier to advance the commercialisation of multiple hydrogen greenfield export projects proposed or under development.
• Commercialisation opportunities for hydrogen transport using the GEV pilot ship, include the recently announced MOU with the HyEnergy project in Western Australia.
• Successful AIP demonstrates GEV’s high standards of design and adherence to international standards and certification rules for bulk gas carriers.
• GEV will now work with ABS to progress the various engineering steps towards Approval for Construction.


Global Energy Ventures Ltd (ASX: GEV, the Company), is pleased to announce that ABS has issued its AIP for the Company’s pilot-scale compressed hydrogen ship, based on a cargo capacity of 430 tonnes of hydrogen.
Martin Carolan, GEV Managing Director & CEO, commented: “GEV is pleased to report that we have received AIP from ABS for our pilot scale 430-tonne hydrogen ship, which follows AIP received earlier this year for our innovative compressed hydrogen ship with a 2,000-tonne capacity. ABS is a leading classification society for gas carriers and GEV is looking forward to working with them to ensure that our compressed hydrogen ships continue to meet the highest safety standards.
Marine storage and transport solutions are required for hydrogen to contribute to global decarbonization ambitions. Efficient, safe and cost competitive marine transport solutions for high purity hydrogen are required before 2030 to enable the development of greenfield hydrogen supply chains at scale. GEV views the compressed hydrogen ship as a competitive carrier and the ideal scale to advance the commercialisation of several hydrogen greenfield export projects proposed or under development.”

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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