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Old 09-06-2021, 03:09 AM
Sparty Sparty is offline
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Default GEV update now PROVARIS ASX PV1

https://gev.com/wp-content/uploads/2...-sept-2021.pdf

Global Energy Ventures (ASX: GEV) has changed its name to Provaris Energy - PV1 (ASX: PV1).

 

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Old 01-27-2023, 01:08 AM
Sparty Sparty is offline
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Default World’s first ‘design approval’ for compressed hydrogen carrier

Provaris Energy Ltd (ASX: PV1)

Provaris Energy Ltd (ASX: PV1, Provaris, the Company) is pleased to provide the following update on the Company’s development activities for the quarter that ended 31 December 2022.

HIGHLIGHTS:

WORLD’S FIRST ‘DESIGN APPROVAL’ FOR COMPRESSED HYDROGEN CARRIER
• American Bureau of Shipping (ABS) awards FEED Design Approval for the 26,000m3 H2Neo Carrier, comfirmed Provaris’ design approach for compressed hydrogen (H2) ships (GH2 Carriers) is sound and provides confidence to progress the development of our larger 120,000m3 H2Max carrier and hydrogen storage barge.
• Small-scale material and weld procedure testing ongoing for structural steel plate and stainless-steel liner, with completion due in April 2023.
• The focus will now shift to shipyard selection process in 2023, Provaris remains on track to execute shipbuilding contracts for the H2Neo within 2023 to be available for large-scale hydrogen shipping in 2026.
BUSINESS DEVELOPMENT DELIVERS FIRST COLLABORATION PARTNER IN NORWAY
• Post the quarter, Provaris announced a collaboration with Norwegian Hydrogen AS to jointly develop green hydrogen supply chain projects in the Nordic region, including Norway as an origin of supply, with a focus on supply to key European ports. Norway represents 50 per cent of the hydropower reservoir capacity (50 TWh) of the EU and has identified ample resources for additional renewable power through on- and off-shore wind, and is consequently, highly strategic in reaching the REPowerEU ambition of 10mtpa hydrogen imports by 2030.
• Provaris continues to qualify and advance multiple opportunities where Provaris’ GH2 Carriers are being positioned as a low-cost hydrogen carrier in the regional markets of Asia and Europe.
• Successful marketing trip to Japan and Singapore highlighted compressed H2 supply chains can deliver low-cost hydrogen in the region, creating opportunities for green hydrogen supply from Provaris’ Tiwi H2 project.
TIWI H2 EIS APPROVALS AND EARLY-WORKS PROGRAM ONGOING
• Appointment of lead Environmental Consultant and commencement of the Environmental Impact Statement (EIS) for submission in Q4 2023.
• Appointment of Owner’s engineers and commencement of early-works program for a detailed ground survey and geotechnical, to advance the Solar Precinct towards a 30% design level package in 2023.
• Appointment of legal advisors and drafting of land agreements required for the Tiwi Land Council and others, with negotiations to commence in early 2023.
• Appointment of Darwin-based Lindsay Whiting as Tiwi H2’s Facilitation Manager, who has a long family relationship with the Munupi clan, a product of the Pirlangimpi community, and held prior management roles at the existing Port Melville facility located on Melville Island.
HYENERGY EXPORT FEASIBILITY COMPLETED
• Completion of Milestones 5 as part of the WA Renewable Hydrogen Fund grant, with a public Knowledge Sharing Report to be made available by the WA Government in 2023.
CORPORATE
• Cash position of $8.1 million on 31 December 2022.
• Strategic Advisor appointed in Oslo to support Provaris Norway AS to fast-track opportunities for strategic project and financial partners in Europe.
Provaris Managing Director and CEO, Martin Carolan, commented: “Achieving world-first Design Approval from ABS (a recognized IACS member) for a bulk compressed hydrogen marine carrier is a critical de-risking milestone for the company as we continue to align our technical program with delivery of commercial opportunities now advancing for Provaris.
Provaris has seen a step-change in the interest from industrial partners to unlock the challenges of storage and transport within the hydrogen value chain, with opportunities in Asia to run in parallel with our recent collaboration announcement for the development of hydrogen value chains in Northern Europe. The application of compressed hydrogen to transport gaseous green hydrogen within regional proximity of demand locations is an obvious pathway and we are confident the simplicity and flexibility of our compressed H2 supply chain can provide a cost-competitive solution this decade and a solution that is aligned with ramp-up volumes of hydrogen demand near term.”

Read full Qtrly Report

 

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Old 01-31-2023, 07:24 AM
Sparty Sparty is offline
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Default Compressed Hydrogen Export Feasibility Study Public Sharing Report

HIGHLIGHTS:
• The Western Australian Government has released the Compressed Hydrogen Export Feasibility Study Public Sharing Report (the Study).
• The Study scope analysed the compression and export of 200,000 tonnes per annum of green hydrogen from the proposed HyEnergy® hydrogen production facility located in the Gascoyne region, and includes compression facilities, an outgoing pipeline to an offshore loading terminal, a fleet of Provaris’ proprietary H2Neo 26,000m3 GH2 Carriers, and an import terminal in Singapore.
• The Study indicates that a compressed hydrogen export supply chain is a technically and commercially feasible method for the offshore loading and export of green hydrogen, with an average delivery rate of over 98% of the target annual throughput.
• Provaris will continue to support the HyEnergy® Project to incorporate the Study outcomes into the project’s prefeasibility study.

See full announcement

 

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