Investee Companies Clean Hydrogen Technologies Corp. And Onshore Energy Pty Ltd Enter Into Hydrocarbon Process Agreement

BPH Energy Ltd (“BPH” or “Company”) (ASX: BPH) is pleased to announce its investee companies Clean Hydrogen Technologies Corp. (“Clean Hydrogen”) (BPH has an 8% direct interest) and Onshore Energy Pty Ltd (“Onshore”) (a 100% owned subsidiary of Advent Energy Limited which BPH has a 36.1% direct interest) have entered into a hydrocarbon process agreement (“Agreement”).

Onshore has rights to gas fields including the Weaber gas field at the Onshore Bonaparte Basin in the Northern Territory, Australia, Retention Lease RL1 (“Rights”).

Clean Hydrogen has capabilities at processing hydrocarbons from natural gas and producing two products, hydrogen (sometimes referred to as turquoise hydrogen) and carbon black and carbon nanotube products where such products are produced with no CO2 emissions in the core process. Carbon black is composed of fine particles of carbon produced by pyrolysis of natural gas at high temperatures which in pure form is a fine black powder. It is widely used in various applications for tyres, black colouring pigment of newspaper inks, resin colouring, paints, and toners, antistatic films, fibres, and floppy disks and as an electric conductive agent of high-technology materials.

By the Agreement, Onshore and Clean Hydrogen propose to develop plans whereby Clean Hydrogen processes the hydrocarbons from Onshore's Rights and produces hydrogen and carbon black products (“Clean Hydrogen Products”).

Clean Hydrogen is developing its “Commercial System” where it will satisfy scale and commercial objectives resulting in the development of income from sale of Clean Hydrogen Products. Clean Hydrogen’s Commercial System means an end-to-end system which consumes and processes hydrocarbons, using Clean Hydrogen's own thermocatalytic reactor process and Clean Hydrogen's catalysts to produce hydrogen at commercial scale, enabling the sale of the Clean Hydrogen Products.

Click here for the full ASX Release

This article includes content from BPH Energy Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.