MELBOURNE, Australia and SHANGHAI, July 15,
2024 /PRNewswire/ -- In conjunction with the
Connecting Green Hydrogen APAC Conference (CGHA) 2024 held in
Melbourne last week, Hydrexia Pty
Ltd (Hydrexia), a wholly-owned
subsidiary of Hydrexia Holding Limited, a leading integrated hydrogen refueling
station (HRS) solution provider, and Victorian Hydrogen &
Ammonia Industries Ltd (VHI), the developer of a large-scale net
negative emission Hydrogen, Ammonia, and Urea project in the
Australian state of Victoria's
Latrobe Valley, today announced that the two companies have signed
a Memorandum of Understanding (MOU). The planned cooperation
emanating from the MOU will utilize the combined market skills and
technologies of both companies to best meet the hydrogen
development needs in the Victorian and Australian
marketplace.
Under the terms of the MOU, Hydrexia and VHI will work closely
to leverage Hydrexia's technology to provide safe, reliable,
cost-effective relocatable HRS units to support VHI's intended
development of HRS infrastructure along Victoria's main highway routes. To date,
Hydrexia has designed, installed, constructed close to 100 HRS
units globally, including the world's largest in China, along with installations of over 170
hydrogen purification plants.
"The MOU provides us with the opportunity to collaborate with a
new partner in yet another new market. We are extremely pleased to
work with VHI to develop the hydrogen market in Australia," said Ashley Mills, the Head of Commercial of Hydrexia
Pty Ltd. "The new venture will enable us to best utilize our
hydrogen technology solutions to serve the needs of VHI in the
Australian market," Mills added.
"We have selected Hydrexia because of its proven hydrogen
refueling station technology along with its total hydrogen handling
and storage solution capability," said Allan Blood, Executive Director of VHI. "We
believe the experience and skills of Hydrexia will add significant
value to the state of Victoria, in
particular, to receive benefit from the emerging hydrogen economy
and assist with the state's environmental objectives going
forward," Blood continued.
Hydrexia's technology will assist VHI in its plans to accelerate
de-carbonization of transport emissions by developing refueling
infrastructure for heavy goods vehicles, initially along the
Gippsland Highway in regional Victoria, and then elsewhere along the major
eastern Australia transport
routes.
The planned cooperation with VHI represents the beginning of
Hydrexia's investment in the future growth of the Australian
market. Hydrexia has been actively expanding its business operation
in the hydrogen markets in Southeast Asian countries where its
business has been growing rapidly, having secured strategic
partnership, joint venture, and business contracts in the first six
months of 2024. Hydrexia is fully committed to serving the
technology and solution needs of its customers globally.
[About VHI]
VHI is the developer of a large net negative emissions
$2 billion hydrogen, ammonia, and
urea fertilizer project in Victoria with all of its urea fertilizer
production sold forward in a multi $billion 25-year agreement to
replace imports into Victoria and
eastern Australia. VHI has
oversized the design of its hydrogen capacity so that it may
utilize the excess hydrogen for application into the domestic
economy and it sees a long-term demand for hydrogen refueling in
the domestic transport industry, in particular.
[About Hydrexia]
Hydrexia Holding Limited is a leading integrated hydrogen
technology solution provider in China with global reach. The company
specializes in providing technology solutions for hydrogen
production, storage, transportation, and end-use applications.
Leveraging its solid R&D capabilities and industry-leading
technology, Hydrexia aims to effectively address the technology and
application needs across the global hydrogen industry value
chain.
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SOURCE Hydrexia