Australian Future Energy’s hydrogen project has drawn ITOCHU’s interest - Stockhead

Australian Future Energy’s hydrogen project has drawn ITOCHU’s interest - Stockhead: 

The $1bn project, which is now close to commencing its front end engineering design (FEED) study, will produce about 230,000 tonnes per annum (tpa) of ammonia and 14 PJ of pipeline gas, roughly equal to about 91,000tpa of hydrogen. It comes as China, Japan and Korea ramp up investment into fuel cell electric vehicles. “We are now at a turning point for the Gladstone Energy and Ammonia Project. Potential international investment in the project, from a party as credible as ITOCHU, demonstrates its long-term viability and profitability,” Parker noted.