Infinite Green Energy receives EOIs worth more than $300m from UK Export Finance for WA projects
Infinite Green Energy’s WA hydrogen projects have piqued the interest of the UK Government, which has offered to tip more than $300 million into the ambition plans.
The UK Export Finance agency has submitted two expressions of interests — $75 million in financing for the MEG HP1 project in Northam and a further $US175m ($243m) for the Arrowsmith hydrogen plant.
IGE secured the EOIs with help from international energy services company Petrofac.
It comes as the Perth-based company — formerly known as Infinite Blue Energy — said environmental approvals for Arrowsmith Stage 1 had now been lodged with the Environmental Protection Authority.
The flagship hydrogen plant could produce an initial 23 tonnes a day of green hydrogen from 2025.
The smaller MEG HP 1 project, which is set to deliver up to 4t a day of green hydrogen, is not expected to require EPA assessment.
IGE chief executive Stephen Gauld thanked UKEF for its interest in the WA projects.
“Securing this expression of interest to finance our projects is another significant milestone for Infinite Green Energy and is further demonstration of the global interest in Western Australian renewable hydrogen production,” Mr Gauld said.
The company will now work with UKEF on further financing requirements, including the delivery of project information memorandums and the completion of due diligence.
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