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BPH Energy shares lift on progress toward clean hydrogen fuel scale-up

ASX News, Energy
ASX:BPH      MCAP $20.85M
23 February 2024 13:00 (AEST)

BPH Energy (ASX:BPH) investment recipient Clean Hydrogen Technologies (CHT) has moved “from proof of concept to production” – according to BPH.

The company provided an overview of CHT’s process this morning.

In short, the company is seeking to produce hydrogen from hydrocarbon feedstock.

In particular, that feedstock is natural gas – hydrocarbons are “cracked” per BPH’s description using “thermo-catalytic pyrolysis” to produce “clean hydrogen”.

The process is often used to burn organic biomass waste for either re-processing or waste management.

BPH advised there is no CO2 emissions from the “core process” due to the solidification of “carbon composite.”

No great level of further detail was provided on Friday.

BPH believes its hydrogen product falls under the banner “turquoise” – as opposed to blue, green, or gold hydrogen.

Gold hydrogen is that found in natural reservoirs underground, though, this form is relatively rare.

BPH claimed that its carbon composite product produced at the end of the process would be made of “carbon nanotubes” but did not provide further detail.

BPH shares last traded at 2.6 cents.

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