The Pedirka Blue Hydrogen Project is located some 200 kilometres south east of Alice Springs in Australia’s Northern Territory. The ‘blue’ hydrogen that could flow from this project would play a key role in the transition to decarbonisation both in Australia and overseas.
It is understood that the coal geology of the Pedirka Basin is contained in the Upper Permian aged sediments of the Purni Formation and formed on top of the Devonian basement of marine sediments. With wholly owned Perdirka Basin Pty Ltd holding two exploration licenses over the area covering the Pedirka Project, the Company is now progressing a detailed exploration of its actual geological characteristics.
Hexagon intends to utilise a conventional surface gasification plant to produce ‘blue’ hydrogen for export and domestic markets with ‘clean’ zero carbon emissions. The Pedirka project is conveniently located with respect to oil and gas infrastructure, to offer unique advantages for large-scale hydrogen gas production with carbon capture, utilisation, and storage (CCUS).
The development of the Pedirka Blue Hydrogen Project is presently advancing through a pre-feasibility study (PFS) which includes a drilling program aimed at establishing a maiden JORC 2012 compliant Mineral Resource, expected to commence in quarter three 2021. The targeted delivery date for the PFS is December 2021.
Hexagon Energy Materials Limited is also currently advancing partnership discussions in a number of areas, including offtake agreements, access to pipeline infrastructure, carbon dioxide capture and storage (CCS) solutions including access to depleted wells and CO2 sales for enhanced oil recovery (EOR).