Oil and gas developer Lion Energy has made good on its promise to explore green hydrogen development with a memorandum of understanding focused on developing green hydrogen in Brisbane and Toowomba in Queensland.
The company and Wagner Corporation have signed the MoU to explore green hydrogen infrastructure at Toowoomba Wellcamp Airport Business Park and Pikenba Wharf in Brisbane
Wagner is a property and infrastructure developer.
In April Lion Energy raised $2.8 million to explore opportunities in green hydrogen using solar and wind power in Australia as well as studying hydrogen production in Indonesia’s East Seram Island.
Lion’s executive chairman Tom Soulsby said: “We re-emphasise the criticality of focusing our efforts at the intersection of renewable electricity and water resources, hydrogen markets and technology.
“We see relationships with groups and access to ports, airports, electricity grids, logistics hubs, highways, gas pipelines and new rail projects as key success factors.”
Lion cautioned that there was no certainty that a suitable hydrogen opportunity can be identified.
Picture: Wagner Corporation
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