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Green Hydrogen Shipping | ticker VIEWS

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Global Energy Ventures (GEV) is leading the way for shipping solutions of green hydrogen

This week’s episode of tickerCLIMATE featured the CEO and managing director of Global Energy Ventures, Martin Carolan. GEV is leading the way for shipping green hydrogen.  

Green hydrogen shipping

Global Energy Ventures is an energy transition company aimed at delivering compressed shipping solutions, for transporting energy to global markets.  Their business model is to build, own and operate the production, storage, and shipping of green hydrogen.

Compression delivers a simple approach to transporting green hydrogen. GEV is a leader in the marine transport of hydrogen. Last year, they introduced the world’s first large-scale Compressed Hydrogen (C-H2) ship.

The C-H2 ship will have an electric drive propulsion system powered by fuel cells onboard. The ship will deliver a zero-emission marine transport solution. The company will have higher volumes in comparison to those offered by other compression technologies.

GEV has a strong reputation for developing compressed gas carriers, and this will benefit the engineering and design of the ship. The company is aiming for the first shipping fleet to be available by the mid-2020s.

“We’re creating a global market and supply chain for hydrogen. Let’s compress, store and put it on the ship and move it to the market as soon as we can.”

Martin Carolan, Global Energy Ventures

How much hydrogen can be transported?

Compression is the preferred solution for marine hydrogen transport.  The density of compressed hydrogen is much lower than other alternatives, like ammonia. Global Energy Ventures transporting range will be between 2000-4000 nautical miles. They can transport a volume between 200,000-400,000 tonnes. GEV is demonstrating the simplicity and energy efficiency of green hydrogen shipping.

Likely transport routes

Global Energy Ventures is looking to the northern parts of Australia, where there is an abundance of renewable hydrogen to be developed and produced. A likely route for transport will be from the northwest of Australia to Singapore. South Korea, Japan, Morocco, and the Middle East region are also major key growth markets.

Europe is a leader in the commercialisation and implementation of hydrogen and is also a key focus area for GEV. They have teamed up with some impressive organisations, recently signing a partnership with a very large consulting group, Bailiff.

Safety when shipping hydrogen

Hydrogen is a gas and it is a delicate product to deal with. However, compression is used as the onshore storage and transport method and has been for many years. Global Energy Ventures operates at a pressure of 250 bar or 303,600 psi, and onshore applications are already using standards such as 300, to 700 bar.

Therefore, Global Energy Venture’s compression, storage, and transport of green hydrogen will have strict safety processes in place.

Other climate news this week:

In order to decarbonize shipping by 2050, it will cost $1.9 trillion worth of investment.

Ticker Climate co-host and energy expert, Scott Hamilton says there will be an enormous market for green fuels in global shipping.

“Companies like Yara, who are looking at green ammonia, that is one of the possible fuels that will be used to power shipping around the world in the future.”

Scott Hamilton

https://twitter.com/tickerNEWSco/status/1409426758907035650

You can watch this week’s full episode here:

Ticker Climate

Climate

Concerns a Typhoon will hit Tokyo during the Olympics

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It’s the last thing Tokyo needs right as the Opening Ceremony is getting underway

Meteorologists are watching out for a typhoon which is forming off the south coast of Japan.

It could reach Tokyo by the end of the weekend, on day two of the Games.

The storm is yet to be fully formed, making trajectory predictions extremely difficult for storm trackers.

Japan is experiencing tropical conditions with temperatures over 30 degrees celsius expected throughout the Games.

Here’s where it’s heading

The area of low pressure southeast of Japan is expected to gather strength and move northwestward

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Business

Tesla strikes deal with BHP Group, protecting an EV future

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One of the worlds biggest EV carmakers has protected itself from a future supply crunch

Tesla has struck a nickel-supply deal with BHP Group.

The Elon Musk-led company is seeking to protect itself from a future supply crunch.

BHP will provide the electric-carmaker with the metal from its Nickel West operation in Western Australia.

In a statement, BHP stated that the two companies would work together to make the battery supply chain more sustainable.

Growing concern of future nickel supplies

Telsa’s billionaire boss, Elon Musk, has repeatedly expressed concern about future supplies of nickel due to challenges in sustainable sourcing.

Musk has pleaded with miners to produce more nickel, with demand set to skyrocket as the world increasingly moves toward electric vehicles and phase out internal combustion engine cars.

Nickel is a key component in lithium-ion batteries

The product is used in electric vehicles – and Tesla needs it greatly.

It packs more energy into batteries and allows producers to reduce use of cobalt, which is more expensive and has a less transparent supply chain.

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Climate

Australia blocks UNESCO from ruling the Great Barrier Reef as “in danger” from climate change

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Australia now has enough global support to avoid UNESCO listing the Great Barrier Reef as an “in danger” World Heritage Site until at least 2023

In June, the 12 countries in UNESCO’s World Heritage Committee voted for a draft ruling that the Great Barrier Reef was in danger of losing its World Heritage status due to the impacts of climate change.

Since then, Federal Environment Minister Sussan Ley has been busy lobbying Europe. During her tour, she visited eight countries in a bid to gain support to reject the danger listing.

The Australian government successfully garnered support from 12 other countries to delay the decision until 2023. This is enough for a clear majority.

The countries include Bahrain, Bosnia and Herzegovina, Ethiopia, Hungary, Mali, Nigeria, Oman, Russia, Saudi Arabia, Spain, St Kitts and Nevis, and Uganda.

Ley’s defence is the original process was politicised and didn’t follow due process including a site visit. She also alleges that UNESCO “unfairly targeted” Australia over its climate policy.

“If it is being proposed on the basis of the very real threat of global climate change, then there are any number of international World Heritage Sites that should be subject to the same process,” Ley said.

“I agree that global climate change is the single biggest threat to the world’s reefs. But it is wrong, in our view, to single out the best-managed reef in the world for an ‘in danger’ listing.”

“The question is why does the Australian government need two years to report back to the Committee if it accepts urgent action is needed?”

Coral experts in Australia have largely praised UNESCO’s suggestion to list the Great Barrier Reef as ‘in danger’. Global warming poses an immanent threat to the reef’s survival.

One climate change expert Scott Hamilton believes the Australian Federal Government isn’t doing enough to protect the reef.

“It’s time the Australian Federal Government started fighting the causes of the disease when it comes to climate change, rather than dealing with the symptoms.”

“If the Australian Federal Government spent as much effort tackling climate as it does fighting the UNESCO World Heritage body, we might actually stop destruction of the Great Barrier Reef.”

If passed, the amendment would give Australia until December 2022 to submit its case for the health of the reef. The Committee would then consider the proposal at it annual session in 2023. This typically happens in the middle of the year.

If UNESO decides to downgrade the Great Barrier Reef to ‘in danger’, it could mean trouble for Australia’s federal government. The country is due for a federal election June next year. There are also concerns that the decision could hurt international tourism.

The reef is a major income source for Central Queensland, raking in over $6 billion every day. The Great Barrier reef also supports approximately 60,000 jobs.

WWFA’s head of oceans, Richard Leck, rejected Australia’s proposed amendment.

He said, “it doesn’t change UNESCO’s technical and scientific advice recommending urgent action on climate change and water pollution”.

One report found that if the earth warms by 2 degrees, it will mean certain destruction for 99% of the reef. Three major bleaching events since 2016 have also posed a huge risk to the reef.

Although most developed countries are aiming for carbon neutrality by 2050 or earlier, Australia is yet to set a deadline to reach net zero emissions.

Author

  • Keira is the front-page editor at Ticker NEWS. She's previously worked at Reuters in Jakarta, and ABC in Australia. She has a Bachelor of Journalism, specialising in international politics. Keira is particularly interested in writing about politics, technology and human rights.

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