It’s been a happy Friday with a chipper finish to a tough week.
Great announcement from our portfolio company ASX:RNE today as the team kicks off work on a green hydrogen electrolysis production project in Southern Tasmania.
RNE has the potential to be the first mover in commercial production of green hydrogen by electrolysis in Tasmania – targeted to be online by Q4 2023.
More info below.
Click here to read the full ASX announcement.
Have a great weekend!
Across Markets…
ASX-listed ReNu Energy says it has secured a site for a green hydrogen production facility in Tasmania, as the company seeks to establish itself as an early leader in the supply of the zero emissions gas.
In a statement to the ASX, ReNu Energy says it has secured access to land at a location in Brighton, north of Hobart, adjacent to the Brighton Transport Hub. ReNu Energy is developing the project through its subsidiary, Countrywide Renewables Hydrogen (CRH).
The company says the South Tasmania Green Hydrogen project will involve the commissioning of 1 to 2MW of electrolyser capacity, able to produce between 430 and 900kg of hydrogen each day.
Hydrogen will be produced using supplies of renewable electricity, with the company also exploring the potential for an on-site, behind-the-meter solar facility to directly supply zero emissions power to the project.
Source: Renew Economy
Singapore’s industrial output in May beat forecasts and grew 13.8% year-on-year, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed on Friday.
Economists had expected a 5.8% year-on-year increase in May, according to a Reuters poll.
On a month-on-month and seasonally adjusted basis, industrial production was up 10.9% in May. Economists had forecast 2.8% growth.
Source: Reuters
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