Hexagon Energy Materials has completed a placement of $6.2m in order to accelerate all aspects of the Pedirka blue hydrogen project and other commitments.
Launching the project earlier this year, Hexagon said the development basis of the project is ‘clean’ blue hydrogen that is said to be zero emissions.
Hexagon Energy Materials hopes that blue hydrogen produced at the site will provide a gateway for the conversion to hydrogen economies over the coming decades.
With firm commitments of $6.2m from a placement, the fund will support a pre-feasibility study (PFS) with several planning meetings having already been held with Genesis in respect to the scope and format of the PFS towards formalisation of the project planning and timing.
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