Iron Road extends purchase deadline for hydrogen project
Published by Willow Munz,
Editorial Assistant
Global Hydrogen Review,
Iron Road Ltd has advised that it has reached satisfactory revised commercial terms with a subsidiary of Revera Energy (formerly Amp Energy), relating to three options to purchase land parcels at Cape Hardy, Eyre Peninsula, and South Australia.
Revera Energy is a Carlyle Portfolio Company launched in May 2025 as an independent energy infrastructure solutions platform backed by Carlyle Global Infrastructure.
The sunset date for the first option to purchase a 24 ha., gulf-front parcel, exercisable by Revera Energy for AUS$1 million, has been extended by agreement to 31 December 2025. The 24 ha. of land forms part of the more expansive 604 ha. footprint reserved by Revera Energy to host their proposed Cape Hardy Green Hydrogen Project, through a May 2024 Option to Purchase Agreement and July 2024 variation deed with Iron Road. The parties have agreed a definitive and final extension of this first land purchase option following an earlier five-month extension granted to 29 August 2025.
The 580 ha. balance of hydrogen development land reserved by Revera Energy at Cape Hardy remains subject to two additional land purchase options. The second land purchase option, exercisable by Revera Energy for AUS$4.27 million, has an unchanged sunset date of 31 March 2026. The sunset date for the third and final land purchase option, exercisable by Revera Energy for AUS$6.75 million, has been brought forward by six months to 30 June 2027 to offset the first land purchase option extension. The company received an AUS$2.5 million deposit from Revera Energy in August 2024 which became non-refundable in September 2024 following Foreign Investment Review Board (FIRB) approval of all three land purchase options.
The company has been collaborating with Revera Energy on the potential for Revera Energy’s initial planned 1 GW electrolyser capacity and green hydrogen production to be utilised as a future feedstock for green iron products such as direct reduction (DR) grade pellets at Cape Hardy.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/02092025/iron-road-extends-purchase-deadline-for-hydrogen-project/
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