Following the announcement from the Premier on the $240m Eyre Peninsula Gateway Project near Port Bonython and subsequently the $37m upgrade for the Santos jetty, H2U has received a $4.7m renewable energy fund grant from the State plus a $7.5m loan. This is a tremendous result for the Eyre Peninsula region and is just the beginning of substantially greater investment and future benefits.
Mitsubishi Heavy Industries, Ltd. (MHI) have announced their agreement to make a capital investment in H2U Investments, the holding entity of the H2U Group. The H2U Group includes The Hydrogen Utility (H2U), the leading Australian developer of green hydrogen and green ammonia projects using power derived from renewable energy sources. The agreement also includes MHI’s support for H2U’s projects and business development initiatives, including supporting the Front-End Engineering and Design (FEED) study for H2U’s Eyre Peninsula GatewayTM project in South Australia.
To read the full press release from MHI, click here: MHI to Invest in Green Hydrogen & Green Ammonia in South Australia
Regional Development Australia Eyre Peninsula (RDAEP) has been working since 2016 on attracting this exciting new industry to the Eyre Peninsula including projects at Port Bonython and Cape Hardy.