• Pure Hydrogen Corporation is a 100%-owned Real Energy subsidiary that has been established to conduct a scoping study into the development of a Hydrogen Plant in Queensland
• Two sites under consideration in the Surat Basin and Gladstone
• Pure Hydrogen Corporation is targeting a plant that can initially produce 36 million Kg of hydrogen per annum
• Consistent with Real Energy’s strategy of building a multi-faceted energy business centred on the Queensland market
• Real Energy equally committed to the Project Venus CSG play and its Windorah Gas Project 

Real Energy Corporation, an Australian east coast focused gas company with interests in the Cooper and Surat Basins, has established a wholly owned subsidiary, Pure Hydrogen Corporation Pty Limited, to undertake a detailed scoping study to assess the
commercial viability of building, owning and operating a hydrogen fuel plant in Queensland.

Real Energy’s Board has been assessing the opportunities for hydrogen following the publishing of the Federal Government’s road map for Australia’s National Hydrogen Strategy in November 2019. In May 2020 the Federal Government committed to invest $300 million in Australia’s emerging hydrogen industry.

Real Energy’s Pure Hydrogen Corporation has already made progress earmarking two potential sites in Queensland at which to establish a large-scale hydrogen fuel plant with a minimum annual production capacity of 36 million kilograms. A plant of this size has the ability to power 240,000 Hyundai Nexo’s for a year. Potential project sites are being reviewed in the Surat Basin, adjacent to Real Energy’s existing 50%-owned Project Venus CSG project, as well as another site near Gladstone. The scoping studies will be undertaken by an experienced engineering consulting firm and a dedicated team that Pure Hydrogen Corporation will establish. The Company will also assess eligibility for government funding.

Hydrogen is high energy fuel that can be burned with no CO2 emissions, The market is expected to grow rapidly with hydrogen likely to be used in transport particularly buses, trucks and cars, as well as to power industry generally. Recently Toyota, Hyundai, Honda, Audi, have either released models or are planning to release models that are powered by hydrogen fuel cells.

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