Australian Rosedale Green Hydrogen Project Secures MYTILINEOS Investment to Power Long Haul Trucks

Australian Rosedale Green Hydrogen Project Secures MYTILINEOS Investment to Power Long Haul Trucks

(IN BRIEF) MYTILINEOS Energy & Metals has acquired a 15% equity stake in CLARA Energy’s Rosedale Green Hydrogen project in Australia. The project will build a hydrogen generation facility powered exclusively by solar production to supply long haul trucks along the Sydney-Melbourne Hume Highway corridor. Trucks are significant contributors to global CO2 emissions, and the European Commission has proposed stricter limits on CO2 emissions from heavy vehicles to reduce emissions by 90% by 2040. Hydrogen is a promising solution to reduce emissions in the transport sector, and MYTILINEOS Energy & Metals’ investment in the Rosedale project is a step towards a sustainable future.

(PRESS RELEASE) ATHENS, 24-Apr-2023 — /EuropaWire/ — Mytilineos S.A., a leading global industrial and energy company, continues to make strides as an integrated international energy company, offering a range of sustainable solutions to its customers. The company has recently acquired a 15% equity stake in CLARA Energy’s Rosedale Green Hydrogen project in Australia. This investment will support the construction of a hydrogen generation facility that will be powered exclusively by solar production, which will in turn supply long haul trucks along the Sydney-Melbourne Hume Highway corridor.

Trucks have become a significant contributor to global CO2 emissions in recent years. The transport sector produces around 7.3 billion metric tons of CO2 emissions annually, and trucks account for a significant portion of these emissions. To combat this, the European Commission has proposed stricter limits on CO2 emissions from heavy vehicles, with the goal of reducing emissions by 90% by 2040. However, a recent study suggests that zero-emission vehicles will only represent around 35% of sales by 2040, far below the necessary 95% to achieve net zero emissions by 2050.

Hydrogen is a promising solution to reduce emissions in the transport sector, especially for heavy goods vehicles and trucks. Hydrogen has the advantage of rapid refueling times and a longer range compared to gasoline or oil. It is also a safer fuel source, as it is 14 times lighter than air and produces a narrow, vertical flame in the event of a leak. Hydrogen is also a renewable resource, as it is included in the composition of many chemical compounds, particularly water. Therefore, MYTILINEOS Energy & Metals’ investment in the Rosedale project represents a significant step towards a sustainable future, as hydrogen has the potential to become the fuel of the future.

Commenting on this new MYTILINEOS activity, as well as on the collaboration with CLARA Energy, Ioannis Kalafatas, Chief Executive Director of the company’s Energy sector, stressed how this is one more investment that promotes net zero activities.

“MYTILINEOS is always seeking to offer pioneering solutions to its customers. In this context, we view electrification holistically, and we invest in zero emissions transport of trucks. After all, as an integrated energy utility we offer services across the entire range of energy activities combining innovation and technology. We are now offering ‘green’ hydrogen services to large-scale facilities along motorways, so that decarbonization can proceed smoothly in international transport.

MYTILINEOS’ presence in many countries facilitates access to a very large pool of associates that are constantly at the forefront. Products, services, applications, lying at the heart of new technologies and providing new solutions to important issues are not just a new trend for us, but the object of activities in which we invest to offer our associates the best result. We hope that this project in Australia will not be the only one and that we will soon have new projects.”

CLARA Energy has unveiled the final project plan for the Rosedale Green Hydrogen project, which will feature an 800 MW solar farm alongside a 560 MW hydrogen plant near Gundagai, located at the midpoint of the Hume Highway. The plant will produce enough hydrogen to fuel up to 800 trucks daily, with solar capacity reaching 250 MW in the initial stage, providing enough hydrogen for 200 trucks.

This decision is a significant step in reducing emissions in the transportation sector, which has a long way to go towards becoming more environmentally friendly. The hydrogen plant offers a solution to the limited electric charging stations for heavy goods vehicles, providing the necessary energy and fuel without the need for expensive batteries.

MYTILINEOS has positioned itself as a leader in the transition to green energy and continues to respond to the challenges of the energy crisis. Through its diverse portfolio and future-forward approach, the company is at the forefront of energy developments.

Media contact:

T: +30 210-6877346
F: +30 210-6877400
E: communications@mytilineos.gr

SOURCE: MYTILINEOS S.A.