The site will be 'future-proofed' by engineering designed to transition seamlessly into green hydrogen production and storage as the hydrogen economy evolves. The possibility of future green hydrogen export by ship will also be explored.
The FEED is expected to be completed by end July 2022 and will allow the final investment decision (FID) for the first hydrogen production and refuelling station to be made by the Board. Subject to FID, Lion would aim to start major equipment procurement process by August 2022, for a project completion by early 2H23.
According to GlobalData, Australia plans to accelerate its adoption of EVs, support renewable refineries for the growth of biofuels, increase its CCS projects, and develop low-carbon hydrogen markets across all industries.
Ingeteam will supply a battery system and its power electronics for the project, which has been developed by Iberdrola for Fertiberia, and is located in Ciudad Real, Spain.