Mid West Clean Energy Project Feasibility Study slide image

Mid West Clean Energy Project Feasibility Study

Deliverable 2 - Low-cost: Cost competitive Clean Ammonia Cliff Head CCS enables cost competitive industrial scale Blue Hydrogen production Blue hydrogen production only possible with direct/integrated CCS Production capacity of Blue Hydrogen with 98% of CO2 capture Produced through proven and well established, scalable technologies • Blue Hydrogen production has been in commercial operation since 1982 Hydrogen from natural gas is the primary input for vast majority of ammonia • 95% of 190mmtpa of global ammonia production of hydrogen from natural gas Ammonia from blue hydrogen is both a low cost and clean energy source • Blue hydrogen and ammonia expected to be lowest-cost clean option 1 Excellent solution for transport and supply of hydrogen • Ammonia excellent "vector" and lowest cost form of H2 transport and supply Established market and supply chain Well established, large-scale production and global supply chain Clean Ammonia is a CO2-free energy source Proven CO2-free fuel can be produced from either Blue or Green Hydrogen Pilot Energy Levelized cost of hydrogen (LCOH) in the range of A$1.85 to A$2.13 leveraging the Cliff Head CCS LCOH (AUD/kg) 5.62 Mid West Clean Energy Project With Cliff Head CCS 3.11 2.13 1.85 1.4 Grey Blue (low) Blue (High) Green (low) Green (high) Levelized cost of ammonia (LCOA) in the range of A$370 to A$400 per tonne, leveraging CCS and renewables LCOA (AUD/tonne) 1,890 1,890 1,369 1,000 400 300 371 398 Sources 1. Global CCS Institute Blue Hydrogen Report April 2021. Figure 6 (RHS of slide) taken from the same report. 2. CE Delft Feasibility Study into blue hydrogen July 2018 estimates that blue hydrogen production with 95% direct/integrated carbon capture and storage will produce 0.64/kg of CO2 process emissions per kg of hydrogen produced resulting in total annual CO2 process emissions of ~25.6 kTonnes of CO2 3. Global CCS Institute 2021 13 Australia-Korea Business Council Critical Minerals and New Energy Forum | Sydney 30 October 2023 Grey (low) Grey Blue Blue Green Green Market Market (high): (low) (high) (low) (high) Price Price (3/22) (3/22) Sources: SP Global, Cost, logistics offer "blue" hydrogen market advantages over "green" alternative 19 March 2020 and Pilot Feasibility Study ASX release 28 March 2022
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