Natural hydrogen could play an immediate and vital role in Australia’s energy grid, Gold Hydrogen chairman Alexander Downer said on the eve of the company’s listing.
To proceed to drilling, Gold Hydrogen has raised $20 million during its public offer, issuing 40 million shares at 50 cents each, but it had to overcome some unfamiliarity from investors. Shares begin trading on Friday. Blue hydrogen is the use of gas to power the splitting of water, which is typically much cheaper than using renewables. The fossil fuel industry argues that this type of hydrogen production offers the fastest route to commercialisation, though environmentalists argue it adds to Australian emissions.Blue hydrogen had been in favour with the former Morrison government, but the election of Labor in May has led to a series of new green hydrogen project announcements.
“It is very speculative number, but we are talking about around 1.3 billion kilograms of natural hydrogen,”
Another ripper from Lord Downer
Is he joking?
He’s right but the technology is decades away
So what's the mining process? Actually describe it beyond wishy washy jargon. The process of mining gold/white/natural hydrogen is not carbon neutral + is fracking by any other name. But it's got Dodgy Downer's name attached so was always going to be a bit of shady🐂💩
I wonder if he knows that hydrogen doesn’t exist in natural form and must be manufactured.
Grifter.
Ok, I'll ask. What's in it for Downer?
What do you call hydrogen produced from water powered by the sun and wind, Is it not natural ?