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Announcing Ms Oliver’s appointment, CRH Managing Director Geoffrey Drucker said, “Susan’s appointment follows a search to secure a Chair with a passion for the environment, strong Board experience with ASX-listed companies, a background in innovation, technology and engineering, along with early-stage business development.”, Susan Oliver said, “CRH has started its corporate journey by establishing a track record of project origination in a relatively short time while building a robust project pipeline in Australia and North America. Some of the key fundamentals of the green hydrogen market are listed below: For climate experts, green hyrdrogen is indispensable to climate neutrality. This enables competitively priced predictable and firm renewable electricity output, 365 days a year. Then together with its project partners, CRH develops these projects to build, own and operate. Subject to customer needs hydrogen offtake could be either in the form of ammonia or liquified hydrogen. Her Order of Australia was awarded for services to business and women. PRL’s massive green ambition is the kind of thing that we like to invest in and support. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. Poseidon Nickel (ASX: POS) Poseidon Nickel has six independent nickel sulphide mines and two concentrators in WA’s goldfields region. The company secured up to $250,000 for a feasibility study on the creation of a renewable hydrogen transport hub in the City of Mandurah. Discussing the benefits of hydrogen production, Hon Alannah MacTiernan MLC Minister Assisting the Minister for State Development, Jobs & Trade said, “Hydrogen provides a means to harness our world-class solar and wind resources for energy export, and help our international partners meet emissions reduction goals.”. 2021-03-10 06:58:17 GMT +10.5, Australian Press Release Distribution & PR Wire Service. Australian Renewable Energy Agency (ARENA) $70m. ASX juniors are pouring into space to take advantage of this bullish sentiment. Interested in more investment opportunities? Publicly announcing an upcoming listing has also generated significant interest among investors seeking an opportunity to secure equity in a listed ethical business that is a pure hydrogen play. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. Estimated that $3 trillion or more in capital investment for decades will be needed. Progressing toward an IPO for ASX listing, Countrywide Renewable Hydrogen Limited (CRH) has appointed Susan Oliver AM FAICD as Chair of the company. Province Resources’ ambitious vision to create Australia’s first green hydrogen project, HyEnergy, is currently little more than a sparkle in the company’s eyes, but it has been met with huge fanfare after it was revealed on Wednesday. Australian microcap company Province Resources (ASX:PRL) is aiming to develop the country’s first truly Zero Carbon Green Hydrogen project. It would be the only ASX listed junior to do this, giving investors an excellent early entry point into this growing market. It is an exciting growth and innovation story, and I am keen to be part of it.”, Ms Oliver added, “With an objective to list CRH around mid-2021, the early establishment of a healthy corporate governance regime is one of my goals along with providing entrée to opportunities to optimise access to capital for the company.”. It features in all eight of the European Commission’s net zero emissions scenarios for 2050. This enables competitively priced predictable and firm renewable electricity output, 365 days a year. Carnarvon is the fourth windiest location in Western Australia, with an annual mean wind speed of 25.5 km/h. Strandline Resources’ Coburn Project ($150m). CelestiAL, which makes up just a fraction of the smelter’s output, is tracked and traced through the International Renewable Energy Certification … Cost-effective wind and solar measurements for multiple locations, Reliability – manufactured from long-lasting materials for harsh environments, Can be fitted with additional met and solar instrumentation, Standard remote comms and standalone power kits, Readily available support from the Fulcrum3D team of engineers and scientists. Australian Renewable Energy Agency (ARENA) $70m. CRH originates renewable hydrogen projects to supply identified domestic and export markets. There is a bit to unpack here when talking about hydrogen and the importance of green hydrogen, so before we go too far, let's do a quick “Hydrogen 101” explainer, and examine why we are backing PRL and its early stage Green Hydrogen project. CRE is partnering with Woodside Energy Limited to progress H2TAS to a Woodside-operated project. The company plans to become Australia’s first commercial scale green hydrogen company, and is expected to IPO on the ASX sometime during calendar 2021 with an expected valuation of $50 million-plus. NAIF has announced investment decisions for projects across a range of sectors and regions including: It is early stage, but PRL has a well-laid out plan of its own that should attract investor attention and funding. To receive ALL our alerts fill out your details below. $490BN govt and corporations selling ESG bonds. Vulcan was able to grow its Zero Carbon Lithium Project from humble beginnings to a now $800M market cap, having raised $120M in funding most recently including an investment from Australia’s richest person Gina Rhinehart. Be the first to know about our investment portfolio. Since then, VUL has been up as high as 7,789%. We think PRL could be an excellent ground floor entry investment, with significant upside: capped at $69M, it has circa $5.2M in the bank. HAZER GROUP (ASX:HZR) Until very recently Hazer was the only pure play hydrogen stock on the ASX. The EU is … The information contained in this article is current at the finalised date. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. Hydrogen fuel cells are widely tipped to be the emission free transport solution for large transport - think trucks, planes, trains and ships. Stage 3 – Export, full scale production to supply Asian markets. The area has a high solar resource, averaging 211 sunny days per year as well as high wind speeds, which Province says makes it an attractive spot for renewable energy. NAIF can lend up to 100% of the debt and has a higher tolerance for the unique risks of investing in northern Australia including but not limited to, distance, remoteness and climate. According to Forrest, by 2050 green (renewable) hydrogen could be the most important green energy source in the world. In the next 12-18 months, the company plans to: A further reason why we invested in PRL is the experience of its management team. Whilst it’s early days, we feel PRL has all the hallmarks of becoming the next Vulcan. Having generated vast piles of wealth from iron ore, Andrew “Twiggy” Forrest, Australia’s second richest person, is also on the green hydrogen bandwagon. PRL has outlined a three stage development process for its HyEnergy Zero Carbon Renewable Hydrogen Project. 296877). Susan Oliver has extensive Board and governance experience with listed companies including Transurban Group, Centro Group, Programmed Group, Coffey International and the Just Group. So much so, the state has developed its own roadmap. Carnarvon has a rich solar resource averaging 211 sunny days per year, with an average solar exposure of 22 MJ/m2 /day (or 6.24 kWh/m2 /day). Australia’s National Hydrogen Strategy. If the 2020s is going to be ‘the decade of hydrogen’, then these are some of the stocks to watch. During the downturn, Poseidon built its resource inventory to 400,000t of contained nickel. We can become a leader in the new industry I call 'shipping sunshine', with our hydrogen exports being additional to our other energy exports.". PRL is an early stage play, however there is a real opportunity for it to take the reins in providing an all Australian green hydrogen solution that could have a worldwide impact. ARENA has been taking a long hard look at hydrogen projects believing hydrogen could be our next great export: Here’s what ARENA is looking for in a hydrogen project: It would seem that PRL’s project could fit the bill. About Susan Oliver AM FAICD Kalium Lakes’ Beyondie SOP Project ($74m (plus an additional $10m facility). All of this supports the Carnarvon region as a preferred lower risk wind farm location in Western Australia and is one of the reasons why PRL is setting up here. It features in all eight of the European Commission’s net zero emissions scenarios for 2050. In fact, there is a massive groundswell of interest and investor support in hydrogen fuel cells for large transport applications, despite lithium ion batteries forecast to overtake petroleum engines in passenger vehicles in the coming years. PRL is aiming to be Australia's first truly Zero Carbon Hydrogen (a term it has trademarked) producer. Funding from Government on both a State and Federal level include; Western Australian Renewable Hydrogen Strategy $10m. She serves on the Investment Committee for IFM Investors and is founding Chair of Scale Investors. Dr Harris is experienced in renewable energy, sustainability, biomimicry, nanotechnology, process engineering and the hydrogen energy economy. The sub-commercial plant will be Australia’s first, and will use solar panels and wind turbines, along with a green grid connection & battery. Beyond the wind farms at Denham, the WA State Government is committing $8M to funding the Denham Microgrid renewable hydrogen project. Here’s a look at the investments made so far: $5BN development financier NAIF (Northern Australia Infrastructure Fund) provides loans to infrastructure projects in the Northern Territory, Queensland and Western Australia. It should be noted here that PRL has secured the normally long lead time SODAR monitoring station from Fulcrum3D to be deployed in the next four weeks at the HyEnergy ZERO CARBON HYDROGENTM Project. We have come to PRL in a similar way and for similar reasons to why we invested in Vulcan Energy Resources when it was an early stage company. Province Resources formerly Scandivanadium (ASX: SVD) has today announced plans to acquire Exploration License Applications for a new green energy project located in Western Australia.PRL has entered into a conditional agreement to acquire a company which holds seven license applications in the Gascoyne region of WA, which are suitable for developing a renewable green hydrogen project. For climate experts, green hydrogen is indispensable to climate neutrality. Here is Forrest imploring Australia to be first to market with green energy solutions. Australian Government Advancing Hydrogen Fund $300m. Frances led Mawson West (TSX: MWE) from 2006-2012, which included acquiring and recommissioning the Dikulushi copper-silver mine in the Democratic Republic of Congo (DRC) and relisting on the Toronto Stock Exchange with a market capitalisation of ~$250 million, completing the world’s largest base metals capital raise and IPO in 2010. ''It is great to be able to hit the ground running on the exciting HyEnergy green hydrogen project. Investors should consider this article as only a single factor in making any investment decision. Countrywide Renewable Hydrogen Limited (CRH) has appointed Susan Oliver AM FAICD as Chair of the company. In fact, Vulcan co-founder and CEO Francis Wedin and Chairman Gavin Rezos, have both invested in PRL. Chichester Solar Gas Hybrid Project ($90m). Existing operating wind-farms at Denham and Coral Bay nearby are proof of wind power working well in the Gascoyne region. Mr Drucker said, “The first renewable hydrogen opportunity CRH originated through its subsidiary Countrywide Renewable Energy Pty Ltd (CRE) is 'H2TAS', proposed for Bell Bay in Tasmania’s north. This wind monitoring system is one of only five remote sensing instruments globally considered to provide bankable wind data by leading independent consultants such as DNV-GL. Western Australia’s Hydrogen Strategy to support the renewable hydrogen industry with a goal of 10% mix of renewable hydrogen in the DBNGP by 2030. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article. Upon completion, the company’s landmark Arrowsmith Hydrogen project is expected to produce over 25 tonnes of 100% clean green hydrogen daily. I have a personal and professional commitment to sustainability and CRH gives me the opportunity to support a strong management team playing a role in decarbonising on an international level. Hazer Group (ASX:HZR), the most visible small cap ASX company in the hydrogen space, was also a beneficiary of this funding. Finally, Ian Hobson was a director of PricewaterhouseCoopers and Ferrier Hodgson Chartered Accountants before specializing in providing company secretarial and corporate accounting services to listed entities. 296877). Neither your personal objectives, financial situation nor needs have been taken into consideration. About CRH The Arrowsmith Primary Plant will deliver 25,000 kg/day of green Hydrogen from renewable resources. Be the first to find out when a new stock is added, GTI targets multiple uranium targets in Henry Mountains, It’s early stage, but is the first green Hydrogen project on the ASX, We believe it’s the first “Zero Carbon Hydrogen” project in the world, Green Hydrogen is an emerging hot global investment thematic, PRL is brought to you by the same team that pulled together Vulcan’s Zero Carbon Lithium, The chairman of Vulcan (Gavin Rezos) has invested $450k AND has signed on as an advisor to PRL, Vulcan Co-Founder and CEO Francis Wedin has invested in PRL, PRL set to conditionally acquire a private company with applications on 7 licenses in Northern Western Australia which has huge solar and wind potential, Licenses are near the ocean (for export) and existing pipeline and other key infrastructure, PRL is developing its project in a high supportive political environment. Stage 2 – Gas blending, scale up project to supply into the nearby Dampier Bunbury Natural Gas Pipeline. In the last financial year, NAIF made 11 investment decisions worth more than $1.4billion, focusing on driving public benefit, economic and population growth and Indigenous involvement in northern Australia. With the aim of helping meet the State Government’s objective of up to 10% green hydrogen in the DBNGP by 2030. Funding from Government on both a State and Federal level include; Western Australian Renewable Hydrogen Strategy $10m. In addition, renewable hydrogen is expected to replace carbon-intensive inputs in industrial processes such as ammonia production and ‘green steel’ manufacturing. So, there’s a reason you are going to be hearing A LOT more about hydrogen over the coming years. It furthered its ambition today when it announced that it had secured a Fulcrum3D SODAR (Sonic Detection and Ranging) weather monitoring station to be deployed to site for data collection required to support feasibility studies. Sheffield Resources’ Thunderbird Mineral Sands Project ($95m). PRL has chosen the Gascoyne region in Western Australia to meet this ambition, as this region has world class solar and wind resources. The information in this website is general information only. The information contained in this article is general information only. Australia’s Chief Scientist Dr Alan Finkel AO who was also Chair, COAG Energy Council Hydrogen Working Group said, "The potential to export clean hydrogen is substantial, with the International Energy Agency and the World Energy Council both identifying Australia as a potential hydrogen production powerhouse. Initiate discussions with potential offtakers and AGAIG – Australian Gas and Infrastructure Group (owners of the DBNGP). Execute a heritage agreement with the Yinggarda Aboriginal Corporation (YAC) to govern the conduct of site resource monitoring investigations, Undertake numerous key stakeholder discussions, including, Carnarvon Shire and Community, WA government, Federal government and Indigenous representatives (YAC), Assemble a highly capable project team including local & international experts, Commence feasibility studies for both renewable power generation and green hydrogen production, Execute a binding MoU with an IPP (Independent Power Provider) to develop the renewable power required for the H2 plant. Ultimately, with its Green Hydrogen exports, we think PRL could emulate what Woodside Energy did with LNG over the last 40 years: large offtakes to a rapidly decarbonising Asian continent. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. The green hydrogen market could generate revenues, at the very least, of $US12 trillion by 2050 — bigger than any industry we have now. Enquiries: Geoffrey Drucker | [email protected] | Tel +61 419 817 827, Subscribe to receive NewsMaker E-News updates with the latest PR tips and trends, Copyright© 2005-2021 Newsgallery Pty Ltd. NewsMaker® is a trademark of NewsGallery Pty Ltd. This comes at a time when nearly half the globe has already embraced net zero policies. Develop a Liquified Hydrogen and or Ammonia Loading Facility in the Carnarvon area. The data collected will enable the proposed wind turbines and solar array network to be optimised, prior to the final project scope and scale decision point. Previously, Susan had a career in technology and futures consulting with pioneer technology strategy company Invetech and leading the Commission for the Future for the Australian Government. No “insider information” is ever sourced, disclosed or used by S3 Consortium. Importantly, those resources are perfectly complementary, with high incidence of sun during the daytime and high wind speeds in the morning, evening and night. Your personal objectives, financial situation or needs have not been taken into consideration. There has been plenty of investment by the WA government of late in WA hydrogen projects. Going back to Twiggy Forrest’s comments, he says: Forrest believes a clean zero carbon Gas or Liquid Hydrogen Fuel “could power the world for all of mankind’s existence”. H2TAS is one of only seven proposals short-listed in the Australian Renewable Energy Agency’s (ARENA) Renewable Hydrogen Deployment Funding Round.”. It is also a first mover in a hot sector: There is currently no other stock on the ASX doing what PRL is aiming to do and for that reason we expect it to become one of the highlights of our portfolio. Clean, Green Hydrogen Energy has arrived. Any advice is general advice only. He is currently Executive Chairman of Meteoric Resources NL, Non-Executive Chairman of Mandrake Resources Limited and Non-Executive Director of Triton Minerals Ltd. Thomas Langley has a passion for geology and the environment, completing a BSc Geology at The University of Western Australia with a focus on environmental and resource economics. Stage 1 - Foundations and Demonstration: advance priority pilot trial of green hydrogen and green ammonia production in Carnarvon region and investigate potential gas blending into the Dampier Bunbury Natural Gas Pipeline (DBNGP). Western Australia’s Hydrogen Strategy to support the renewable hydrogen industry with a goal of 10% mix of renewable hydrogen in the DBNGP by 2030. We are now long term holders in Vulcan and have built a large position in that company since 2020. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. Here are the key basic facts you need to know before investing in the hydrogen space: Green hydrogen, generated from wind and solar and which has so far been ignored by the economic world, could fast track the fight against climate change. S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. It has committed to removing barriers to industry development and aims to position the industry as a major player by 2030. Advantages of the Fulcrum3D Sodar include: The monitoring station is critical in collecting preliminary wind and solar data every 10 minutes within the project area to assess the wind and solar resource potential. “The green hydrogen market could generate revenues, at the very least, of $US12 trillion by 2050 — bigger than any industry we have now,” he says. Bear in mind, it was just this month that another iron ore magnate and Australia’s richest person with an estimated fortune of about $29 billion (AFR Rich list 2020) Gina Rinehart emerged as a substantial shareholder in Vulcan Resources. The good news is that it has plenty of test cases to draw on. It begins with David Frances Chairman and Managing Director elect, who has a nearly 30 years track record of transacting, discovering and developing assets in Australia and Africa. Progressing toward an IPO for ASX listing, Countrywide Renewable Hydrogen Limited (CRH) has appointed Susan Oliver AM FAICD as Chair of the company. Patrick Burke has extensive legal and corporate advisory experience and over the last 15 years has acted as a Director for a large number of ASX listed companies. Vulcan went from 20c to as high as $14.20 on its Zero Carbon Lithium Project and we believe PRL could have similar traction on the back of its ... PRL is proposing to produce approximately 60,000 tonnes of green “Zero Carbon Hydrogen” or up to approximately 300,000 tonnes of green ammonia using renewable energy. Its low competing land use and high solar resource makes PRL’s project area ideal for a large scale solar array network. CRH is positioned to be a leading global producer and supplier of renewable hydrogen to decarbonise mobility, power generation and natural gas with emission-free hydrogen, acknowledged as the “fuel of the future”. Last December, CRH undertook a successful pre-IPO capital raising through advisory firm Peak Asset Management and is progressing its project opportunities in Australia and overseas in the lead-up to seeking an ASX listing. Any advice is general advice only. Be the first to find out about our next investment. Meanwhile large scale wind farms are planned in Pilbara's 'Cyclone Alley', where cyclones crossing the coast are prevalent. He is the Director of the Engineering Excellence Group within Laing O'Rourke's internal engineering and innovation team. We believe this is the first ever ASX listed Green Hydrogen company - currently capped at ~$20M. Costs for renewable hydrogen are between around US$4 and US$6.5 per kilo but bringing it down to US$2.50 would make it competitive with fossil fuel production. His corporate advisory experience includes identification and assessment of acquisition targets, strategic advice, deal structuring and pricing, funding, due diligence and execution. PRL is looking to become an Australian leader in green hydrogen production, through its Zero Carbon Hydrogen Project TM. Today’s company has just acquired a project in the hottest global investment thematic of the decade - the world’s shift to clean, renewable energy. Government bodies such as the Australian Renewable Energy Agency (ARENA) have taken up the green energy cause and hydrogen is firmly their sights. In conjunction with employment at resource companies including BHP Nickel West, Northern Star Resources and Creasy Group, Tom completed a MSc Economic Geology at The University of Tasmania (CODES) in 2018. We believe PRL could ride a similar wave, however this is a very early stage project - similar to VUL when we first invested and like all early stage investments, success is no guarantee. At the company’s HyEnergy Renewable Hydrogen Project, PRL is proposing to generate 1GW (1,000MW) of renewable energy in Western Australia using wind and solar and to produce approximately 60,000t of green hydrogen or up to approximately 300,000t of green ammonia. > 100 countries pledged to be Net Zero by 20503. This strategic decision by RLE follows the federal government’s road map for Australia’s National Hydrogen Strategy in November last year, which sets a vision for a clean, innovative, safe and competitive hydrogen industry. Moody's expects 2021 sustainable debt issuance to reach $650BN and no signs of the ESG funds slowing. We made a large investment in Vulcan when it was just 20c.

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