Mad Mel, that is a small section covering the hydrogen potential detailed within the quarterly...
I would like to highlight the following;
Over the past couple of years however, around the world there has been a growing increase in thelevel of interest in hydrogen as a fuel, in large part being driven by concern about climate change,which in turn has resulted in increased interest in Eden’s hydrogen technologies. Additionally, in India, extreme air pollution in Delhi and other cities is causing great concern, whichhas resulted in the Indian Supreme Court having mandated that the 10,000 strong, natural gasfuelled bus fleet in Delhi, be converted to run on a hydrogen based fuel, that in the short term isfocusing on converting these buses to operate on Hythane®. This has again resulted in enquiriesbeing received in relation to Eden’s various hydrogen capabilities. Similarly, in Australia, the Federal Government in 2018 allocated funds for research into theproduction of “clean hydrogen”, opening a further area of possible interest for Eden for its nowcommercialised, pyrolysis process that produces, with a very low Greenhouse Gas footprint, bothrelatively low cost hydrogen and high value carbon nanotubes or carbon nanofibres.
More recent focus was on Channel Nine news segment tonight, that proposed WA would allocate $10m state funding to further research on hydrogen fuel technology. Initially to potentially be used for energy on remote mine sites and eventually developed for residential supply.
EDE has proven track record with R&D with the University of Queensland. Authorities like that on your CV, if its good enough for them I can justify my decision.
Lloyd DYOR, can you please re-post that recent article from the West Australian newspaper in this thread where 'Twiggy' talks up hydrogen fuel.
This could be our sleeping giant...
To qualify I don't know if EDE will ever become cash flow positive, but I am willing to risk some play money on the chance that she does come good.
Cheers,
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