Sweetman Renewables has today (17th March) unveiled major plans to position itself as one of the largest true green hydrogen producers.
Confirming its ambitions, the Australian company said it will convert 50 tonnes of biomass residues a day to make its green hydrogen. The process will also produce biochar.
The effort will be carried out under its new hydrogen-focused division, Sweetman Hydrogen.
Under the Sweetman Hydrogen name, the company hopes to position itself at the forefront of the accelerating global shift to renewable energy, aligning itself with both the Australian and New South Wales Governments’ green hydrogen production initiatives.
Commenting on the effort, John Halkett, Chairman of Sweetman Renewables, said, “Sweetman Hydrogen will make a valuable input into the amelioration of adverse climate change impacts via producing true green hydrogen and the supply of waste wood biomass to Verdant Earth Technologies’ renewable baseload power station.”
Halkett said the Sweetman companies were enthusiastic about being centrally involved in Australia’s transition towards renewable sources of energy, notably enabling that future through the transformative potential of waste wood biomass to electricity and green hydrogen.
Through Sweetman Hydrogen, Sweetman will be an early waste biomass and green energy company with core climate change and environmental sustainability credentials.
“Sweetman Hydrogen will have a distinct advantage as a potential leading supplier of true green hydrogen because of its access to substantial quantities of waste wood, manufacturing and residues,” Halkett said.
“Collectively Sweetman Renewables, Sweetman Biomass and Sweetman Hydrogen will offer the Hunter Valley major economic development and employment opportunities, as the region transitions its economy beyond a substantial reliance on thermal coal mining businesses.”
To help accelerate its effort, Sweetman Renewables is undertaking a $1.5m pre-IPO raising.
