Elliott Management has form in this space, having previously pressured BP to improve shareholder returns amid concerns it was prioritising green investments at the expense of profitability.
Trafigura and the South Australian government had reportedly committed AUD $5m to the 440MW project’s FEED phase – but the development ultimately stalled and went no further.
“Under the current conditions, there is no guarantee that we will be able to operate the plant economically in the foreseeable future,” Miguel Lopez said.
HTEC’s facility will capture and liquefy 15 tonnes per day of industrial by-product hydrogen in North Vancouver, turning waste into clean fuel for heavy-duty trucks.
Eight companies, including AM Green, Waaree and Reliance secured Bucket 1 awards, while Matrix Gas and Renewables was the sole Bucket 2 recipient.
Last month, the government rejected Stanwell Corporation’s AUD $1bn funding request for the green hydrogen project. Now, key partner and potential offtaker, Iwatani, has reportedly walked away.
UK feasibility study Project Willow has published nine options for the soon-to-close Scottish oil refinery Grangemouth’s future industrial use after evaluating more than 300 technologies.
AFC Energy’s John Wilson, said, “Lack of infrastructure and the high cost of hydrogen production are seen as the biggest challenges. AFC Energy has removed these, launching on-site supply at a market disruptive price point.”
Beneficiaries of the Czech support will include producers of electrolysers, carbon capture, usage and storage (CCUS) systems, and wind turbines.
Ed Husic, Minister for Industry and Science, said, “Demand for green metals is expected to account for a third of the global metals market in coming years, this is an opportunity we cannot afford to miss.”
