Press Release: Tuesday 29 th November 2022
LATTICE Technology Co. Ltd (Korea) and the Northern Territory Government have today held a collaborative meeting on the sidelines of 43rd Australia-Korea Business Council – Korea-Australia Business Council Joint Conference in Sydney, to further discuss the development of a large-scale “Commercial-Demonstration” Green Liquid H2 Export Project and Domestic H2 Hub Development in Darwin. The discussion framed how LATTICE Technology will work with the NT Government to progress the Darwin Export Project and Domestic H2 Hub.
A successful “Commercial-Demonstration” of large-scale liquid hydrogen (LH2) shipping from Darwin to Korea can lead the way to a new multi-billion-dollar export industry for the Territory and Australia.
LATTICE Technology and its Australian project implementation company, LH2 Energy Pty Ltd, have already completed an extensive Concept Design for the Darwin Export Project, which is the first commercial-size Green LH2 Export supply chain linking Australia with Korea. LATTICE Technology and LH2 Energy are currently conducting a basic design project for Standardized, Transportable 75,000 m3 LH2 Export and Import Terminals for Green Hydrogen, supported by the Korea Institute of Energy Technology Evaluation and Planning (KETEP), a funding agency of the Korean Government for energy.
In addition, LH2 Energy have built an informal consortium of Australian and Korean companies and partnerships to progress the Darwin Project design. Current LH2 Energy Consortium members include KAIST (Korea Advanced Institute of Science & Technology) KOGAS Tech, Korea Maritime Consultants (KOMAC) and from Australia, GPA Engineering, Phronis Consulting and Charles Darwin University. Chart Australia and Chart Inc (USA) have been awarded the basic design for the secondary supply chain from the Import Barge Terminal at Pyeongtaek Port, to retail outlets in Korean metropolitan areas.
Phase 1 of the Darwin Export Project aims to export 42,000 tonnes/year of Green LH2 to the Korean transport sector by 2030. The supply chain is an all-seaborne solution with an Export Barge terminal in Darwin with electrolysis and liquefaction facilities on the topsides, and LH2 product stored in the hull. A suitable protected site has been identified for the Export Barge at Channel Island close to the Middle Arm Sustainable Development Precinct (MASDP). A large-scale 50,000m3 LH2 tanker and a Barge Import Terminal in Korea complete the ‘whole supply chain’ configuration.
A Letter of Intent is in place with Sun Cable for Green Power supply, and KOMIPO in Korea for offtake and import of Green LH2 from Darwin. Phase 1 plans for the Domestic H2 Hub include a multi-user Green LH2 Fuel Cell Vehicle refuelling terminal, micro-grid and small H2 Gas Turbine developments, and Green H2 supply to Territory Generation.
The Darwin Export Project and Domestic H2 Hub development overall is estimated to generate more than 500 permanent jobs. Future Phase 2 & 3 expansions of the Darwin Export Project are planned to be land-based in the Darwin region, possibly at the MASDP, taking the total LH2 Energy production capacity to 126,000 tonnes/year of exports valued at over USD 1 billion/year.
Costa Tsesmelis, Project Director for LH2 Energy’s Darwin Green LH2 Export Project, and Director of LATTICE Australia, says:
“Darwin is an ideal location for the development of our large-scale, ‘Commercial-Demonstration’ Green LH2 export project, given the Northern Territory’s excellent renewable energy resources and close distance to Korea. Our all-seaborne solution for the Darwin-Korea ‘whole supply chain’ includes large-scale LH2 shipping and Barge Export and Import terminals. We aim to deliver commercial volumes of Green LH2 to the Korean transport sector by 2030”.
Keunoh Park, CEO of LATTICE Technology, says:
“I would like to emphasise the Darwin Project’s global reach and potential, with the outcomes from the Darwin Project applicable to other Green LH2 Export locations around Australia and across the world where low-cost renewable energy may be plentiful. We aim to provide fast-track solutions for intercontinental liquid hydrogen shipping and global trade, to achieve net zero.”
Andy Cowan, Territory Investment Commissioner, says:
“The meeting today saw exciting next steps to continue working together with LATTICE Technology to realise the potential of the Territory as a home for renewable energy for Australia, Korea and international markets.”
Collaboration Meeting, from left to right:
Claire George (Executive Director - Investment Attraction NT), Costa Tsesmelis (Director, LATTICE Australia), Andy Cowan (Territory Investment Commissioner), Keunoh Park (CEO, LATTICE Technology), Mitch Lowe (GPA Engineering) and Shaun Nugent (Managing Director, Phronis Consulting).
For more information please contact:
Costa Tsesmelis: +61 (0)409 288 458 costa.tsesmelis@LH2energy.com
Company web site: http://www.lattice-technology.com/