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Pure Hydrogen (ASX:PH2) and Synergen to make hydrogen and carbon products

Energy
ASX:PH2      MCAP $38.53M
06 April 2021 17:30 (AEST)
Pure Hydrogen (ASX:PH2) - Managing Director, Scott Brown

Source: The Market Herald

Pure Hydrogen (PH2) and Synergen have signed a term sheet to form an equally split joint venture to manufacture hydrogen gas and carbon products.

The companies will utilise Synergen’s modular design technology which uses a plasma pyrolysis process that decomposes methane into hydrogen and solid carbon products. The hydrogen and carbon will be sourced from Pure’s 11.1 trillion cubic feet of methane resources across Queensland and Botswana.

Under the first stage of the term sheet, the pair will build a shipping container-sized module design prototype that can produce 1400 kilograms of hydrogen and 4200 kilograms of carbon product per day from the second half of 2022.

The second stage will focus on developing carbon products which may include carbon black, synthetic graphite, graphene flakes and potentially even carbon nanotubes.

Carbon nanotubes are significant multi-purpose cylindrical molecules that comprise of rolled up sheets for graphene.

They boast attractive qualities such as electrical conductivity, increased tensile strength, improved heat deflection temperature and weight reduction. For example, carbon nanotube composite materials are estimated to reduce the weight of an aircraft, spacecraft and other vehicles by up to 30 per cent.

Each methane decomposition module will be housed in a standard 12-metre shipping container. As this is a standard size and design, the companies can build and install extra module almost anywhere as long as there’s a sufficient amount of methane to support the global hydrogen market.

The first module is expected to be installed immediately adjacent to Pure Hydrogen’s Venus coal seam gas (CSG) pilot plant in Queensland.

Power will be sourced from a combination of grid and solar, and perhaps electricity generated onsite. If grid and solar electricity and the grid is from renewables, this entire process would result in no greenhouse gas emissions.

Significantly, this project could be the first low-to-no emissions CSG-to-hydrogen hub in the world.

“This is a very promising commercial development for Pure Hydrogen and for Synergen as we are combining proven technology with a methane resource to produce hydrogen and solid carbon products,” PH2 Managing Director Scott Brown said.

This joint venture strongly aligns with Pure’s strategy of building a network of hydrogen storage and distribution hubs.

Pure Hydrogen is down 8 per cent with shares trading at 23 cents at market close.

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