Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.

The generated hydrogen will primarily be utilized by BASF to decarbonize its chemical production processes, with a portion allocated for transport applications in the Rhine-Neckar Metropolitan Region.

The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.

The White Dunes project, spearheaded by Falcon Capital Dakhla, is set to emerge as a prominent hub for the production of what is touted to be "some of the world's cheapest green hydrogen."

This surge in demand has created a potential threat to the metal supply for crucial sectors which rely on nickel for various equipment applications in demanding environments.

The decision, prompted by a legal challenge from Simon Munkara, a traditional landowner from the Tiwi Islands, followed concerns over the potential impact on underwater cultural heritage sites.

This step follows the successful completion of the pipeline route survey, which involved a comprehensive assessment of the gas offtake routes from the developments.

Projected to commence operations in 2026, this cutting-edge plant will find its home on the grounds of Zenith Energy Terminals, benefitting from the abundant renewable energy resources provided by Zenith's Renewable Energy division.

While the development of recent offshore gas discoveries at Gorgon, Uchuva, and Orca has been identified as crucial, several uncertainties and hurdles need to be addressed, according to energy industry intelligence group Wood Mackenzie.

Currently, MidOcean is in the process of acquiring interests in four Australian LNG projects as part of its strategy to create a diversified global LNG business.