New hydrogen heavyweight, National H2
, is on track to announce a series of major deals which will see it build the world’s first network of waste-plastic-to-hydrogen plants across the APAC region.
To achieve this, National H2 is forming a powerful consortium involving a publicly-listed technology partner along with a global conglomerate as the key project partner.
“Our mission is to develop over 240 waste-plastic-to-hydrogen plants across the APAC region, which will play an integral role in overcoming energy, waste, and climate challenges,” says National H2 Director, Richard Allen.
The Company currently has four initial sites being considered for development in Australia and Singapore, along with a significant amount of locations in the pipeline, which they intend to transform into state-of-the-art hydrogen production facilities.
National H2 will use groundbreaking technology that takes non-recyclable waste plastics and converts them into hydrogen, syngas, and clean electricity while capturing the entrained carbon in the plastic for permanent sequestration.
“With 3.5 million tonnes of waste plastic available in Australia, there is enough to supply feedstock for 200 plants across the country, which places us in a strong position for rapid, sustainable growth.”
“Through this, we believe we will develop the next generation of infrastructure that will connect millions of people with clean hydrogen energy for the next hundred years while also permanently removing damaging plastics from our oceans and other natural habitats.”
National H2 expects to finalise these agreements by the end of Q2 CY23. Following this, the Company will immediately begin seeking a planned listing on a major exchange to finance the large-scale opportunity it has at hand.