Line looks to LSE listing by September via reverse takeover

Australian hydrogen company Line Hydrogen has said it expects to list on the London Stock Exchange by September through a reverse takeover with a special purpose acquisition company.

Line Hydrogen announced on Friday morning (Australian time) that it has executed Heads of Terms with Net Zero Infrastructure, a SPAC listed on the Main Market of the LSE.

The Australian company said the transaction is expected “to provide… access to the necessary capital and support to accelerate its growth plans and expand its operations”.

Brendan James, the company’s founder and Executive Chairman, said “We believe that combining our strengths and expertise will facilitate the expansion of our green hydrogen operations and technology internationally, creating significant further value for our shareholders, and make a positive impact on the global energy landscape.”

The company says it is approaching a vertically integrated approach, including “hydrogen production, distribution and end-use” as well as Australian-produced equipment, “to replace diesel as the fuel source for heavy transport, heavy industry, and mining in Australia.”

According to its website, it plans to commission a 1.69 tonne per day project at George Town in Tasmania this year (pictured) and another with the same capacity in Toowoomba in 2024

Picture: George Town (supplied)

Further reading

Line Hydrogen crowdsources cash for green hydrogen

Line Hydrogen unveils Tasmania green hydrogen plant