Hydrogen developers show interest in Iron Road’s Cape Hardy EoI

Australian company Iron Road Ltd (ASX:IRD) on Tuesday said that its Cape Hardy green hydrogen Expression of Interest (EoI) that was launched in September has attracted indicative proposals with average electrolyser capacity of 4 GW.

Iron Road is developing an iron ore mining project on the Eyre Peninsula, South Australia. The project proposes a deep-water port at Cape Hardy that has the potential to become a hydrogen hub. The proposed Cape Hardy port and industrial precinct is supported by a AUD-25-million (USD 16.7m/EUR 16.2m) grant commitment by the Australian government.

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Iron Road said its EoI has attracted six conforming proposals from domestic and international players. The six proponents will be invited to bid for a select number of green hydrogen developer roles under exclusivity arrangements with the company during 2023, it added.

The average project concept level development value of the proposals is around AUD 23 billion.

(AUD 1 = USD 0.669/EUR 0.648)