Join our daily newsletter At The Bell to receive exclusive market insights
- Warrego Energy (WGO) joins consortium to undertake and jointly fund a feasibility study for the Mid West Blue Hydrogen and CCS projects
- The consortium includes APA Group, Pilot Energy (PGY) and now Warrego, who will jointly fund the feasibility study
- The study will identify and select potential development projects and is expected to be completed in the first quarter of 2022
- On the market, Warrego was down 1.85 per cent and is trading at 13.3 cents per share
Warrego Energy (WGO) has joined a consortium of energy and infrastructure companies to undertake and jointly fund a feasibility study for the Mid West Blue Hydrogen and carbon capture storage (CCS) projects.
The consortium includes APA Group, Pilot Energy (PGY) and Warrego, who will contribute funding and sector expertise to the West Australian projects.
Being led by Pilot Energy (PGY), the feasibility study is designed to assess the potential of the projects that can integrate with its assets to deliver competitive clean energy.
The study will identify and select potential development projects and will form the basis for future studies, it is expected to be completed in the first quarter of the current year 2022.
Joining the consortium means the group will participate and jointly fund the feasibility study which will focus on Blue Hydrogen technology, regional CCS potential, hydrogen markets, project infrastructure and commercialisation.
Commenting on the news is Warrego’s CEO, David Biggs.
“The Mid West Blue Hydrogen and CCS project has the potential to deliver significant and lasting positive benefits for the energy sector in Western Australia by reducing total emissions, generating clean energy, and creating new revenue streams,” he said.
“These technologies have the potential to add considerable value to Warrego’s business in the future through the positive effects of carbon management and emissions reduction. We are very pleased to be partnering with APA Group and Pilot Energy to deliver the feasibility study for this exciting and innovative project.”
On the market, Warrego was down 1.85 per cent and is trading at 13.3 cents per share at 12:08 pm AEDT.
