Ann: Compressed Hydrogen Shipping Memorandum of Understanding, page-46

Its not a positve or negative announcement. PRL is getting costs on shipping its Hydrogen to the Asian market. This was inevitable.

31 MAY 2021
GEV SIGNS MOU WITH ILF FOR HYDROGEN PROJECTS IN
EUROPE & AUSTRALIA
HIGHLIGHTS:
• GEV and ILF have executed a Memorandum of Understanding (MOU) for the identification and
development of green hydrogen projects in Europe and Australia that will include a compressed
hydrogen (C-H2) shipping solution.
• ILF is an international engineering and consulting firm focussed on major energy, industrial and
infrastructure projects (for more details: www.ilf.com).
• ILF’s engineering expertise covers the hydrogen value chain from renewables, water supply down to
hydrogen production, transportation and storage and offers solutions for a large spectrum of hydrogenrelated projects.
• The MOU provides GEV with access to the fast-developing hydrogen economy in Europe, leading the
world with clean energy policy, incentive schemes, deep pools of ESG financing, production and centres
of hydrogen demand.
• Up to 85% of the world’s proposed green hydrogen projects are in Europe, with a pipeline of over 9
GW in Germany, 6 GW in the Netherlands, and 4 GW in the UK, all scheduled to be operational by 2030.1
• Australia has now announced 6 of the top 20 gigawatt-scale green hydrogen projects, supported by
low renewable energy costs and export markets that could include Germany.2
• GEV and ILF to immediately commence the review of identified green hydrogen projects suitable for a
C-H2 shipping solution, both onshore and offshore applications.