Port Anthony Renewables is set to continue development of the “largest” hydrogen hub in south-eastern Australia following a capital raising that introduced A$3m ($2.1m) of additional funding for the project.
In utilising the additional funding, the company has said today (Dec 13) that it will move towards creating an IPO while also progressing its hydrogen production and export plans. This will aid in attracting additional industry leading participants to boost the project.
To be developed in Victoria, Australia, the initial target for hydrogen production is three tonne per day, which will then be distributed domestically.
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