Looks like many things favourable for PRL to achieve its goal of...

Looks like many things favourable for PRL to achieve its goal of becoming a significant player in the green hydrogen sector:

• Chairman David Francis has a history of bringing companies into their next phase of life and turning them into highly sought-after acquisition targets. Winward Resources was acquired by the $4.6BN capped Independence Group Ltd (ASX: IGO) in 2016.
• The same people behind Vulcan Resources are invested in PRL, including VUL MD Francis Wedin.
• The rise of green hydrogen. According to Andrew Twiggy Forrest, “Green hydrogen (is) the purest source of energy in the world — and one that could replace up to three quarters of our emissions, if we improve the technology and had the scale.
• PRL’s project. The company aims to be the first significant West Australian producer and exporter of 100% renewable hydrogen and ammonia, making Western Australia’s market share in global hydrogen exports comparable to its share in LNG today.
• WA’s solar is amongst the highest irradiance in the world and, due to being on the western edge of the continent, it has excellent wind resources, which makes this project an excellent proposition moving forward.
• Adoption of ‘green economy’ strategies is accelerating rapidly with Australia pouring $300M into the Australian Government Advancing Hydrogen Fund. This is on top of UK PM Boris Johnson investing 12 billion pounds in green energy, and banning the sale of all fossil fuel engines by 2030. Europe allocating a trillion Euros to reach zero emissions by 2050. The US pledging $US2 trillion and China, Japan and South Korea combining to pledge to put almost 8 million hydrogen fuel cell cars on the road.
• Further to that, investment in ESG focused companies continues to rise.