- Hexagon Energy (HXG) put the brakes on trading this morning as it prepares for a new round of funding and unveils new deals for work at Pedirka
- The company appointed NYSE-listed Air Products and Chemicals as its key technology provider for the Pedirka ‘blue hydrogen’ Project
- It also signed an agreement with Genesis — a subsidiary of Technip Energies — to provide engineering support during a pre-feasibility study
- Earlier this month, Hexagon acquired full ownership of the Pedirka Project in the Northern Territory through its buyout of Ebony Energy
- Shares in Hexagon Energy last traded at $0.15 each on April 27, and the trading halt is expected to remain in place until Friday, April 30
Hexagon Energy (HXG) put the brakes on trading this morning as it prepares for a new round of funding and unveils new deals for work at Pedirka.
In this today’s announcement, the company appointed NYSE-listed Air Products and Chemicals as its key technology provider for the Pedirka ‘blue hydrogen’ Project, as well as an agreement with Genesis — a subsidiary of Technip Energies — to provide engineering support during a pre-feasibility study.
“We are excited to access the experience of organisations of such global significance in the hydrogen space,” said Charles Whitfield, Chairman of Hexagon Energy.
“Their technical and operational experience will be extremely useful in the accelerated planning and development of the project.”
Earlier this month, Hexagon acquired full ownership of the Pedirka Project in the Northern Territory through its buyout of Ebony Energy.
The two companies had previously been working towards the pre-feasibility study, which is scheduled for completion this calendar year.
Blue hydrogen is considered an integral component of the Australian government’s hydrogen strategy, as well as those of key Asia Pacific markets. As a result, Hexagon is working with government and private sector bodies to put in place agreements that will accelerate the pathway to production.
“The combined Hexagon/Ebony group has a bright future, with blue hydrogen set to provide the gateway for the conversion to hydrogen economies over the coming decades,” said Whitfield.
Shares in Hexagon Energy last traded at $0.15 each on April 27, and the trading halt is expected to remain in place until Friday, April 30.