Business
Completion of Green Hydrogen Feasibility Study
Completion of Green Hydrogen Feasibility Study.
About this update from Oracle Power Plc
[{"type":"text","content":"\n\n12 September 2023\nOracle Power PLC\n(\"Oracle\" or the \"Company\")\n \nCompletion of Technical & Commercial Feasibility Study\nre: Green Hydrogen and Ammonia Project\n \nStudy supports the development of a 400MW capacity green hydrogen production facility\n \nOracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce the completion of its technical and commercial feasibility study (the \"Study\"), undertaken by leading international construction engineering company, thyssenkrupp Uhde, relating to its green hydrogen and green ammonia project (the \"Project\") in Pakistan. \n \nThe Project, which is being developed by the Company's joint venture company, Oracle Energy Limited (\"Oracle Energy\"), is targeting a 400MW capacity green hydrogen production facility, with annual production of 55,000 tonnes of green hydrogen. Located in the designated wind corridor in the province of Sindh in southern Pakistan, the Project is expected to deploy 700MW of solar and 500MW of wind power to produce green hydrogen.\n \nAs part of the Study, hydrogen production and ammonia production/reconversion capacities were determined and confirmed based on 700MW of solar and 500MW of wind power capacity and profile. The required power input for approximately 140 tonnes/day of green hydrogen production was estimated to be 360MW of electrolyser net capacity. A detailed techno-economic modelling study was performed providing cost estimates for the complete chemical plant's (the \"Plant\") OPEX and CAPEX, processes and Plant layout, project execution schedule, technology information and carbon intensity of the hydrogen value chain.\n \nDuring the Study, various factors were considered, such as gaseous and liquid hydrogen production, ammonia synthesis and cracking, optimal location for the renewable and chemical plant, battery in island mode vs. excess renewable energy exchange with grid, and cost-effective water sourcing from a nearby source for green hydrogen and green ammonia production. The Study also assessed production scenarios for the domestic market and transport to Asia (China, Japan, Korea), in addition to European markets.\n \nDr. Naveed Akhtar, Hydrogen & Fuel Cell Industry Expert and Chief of Technology (Hydrogen) for Oracle, commented: \"The Study's results ...