ASX Announcement
23 November 2021
Lion at a glance
• | ASX listed oil and gas company with |
conventional PSC's in Indonesia. | |
• | Focus on conventional oil and gas production |
and development, appraisal and step out | |
exploration risk opportunities. | |
• | Exploring green hydrogen opportunities in |
only | Australia. |
• | Net production of around 37bopd from the |
use | Seram PSC which also contains the 1.5TCF |
Lofin gas/condensate discovery. | |
• | Leveraging synergies in conventional assets |
and access to both infrastructure and | |
markets. | |
• | Executive team and strategic investors with |
impressive track records for value creation in | |
personal | Asia. |
Contact |
Lion Energy Limited
ABN 51 000 753 640
ASX Code: LIO
Suite 1
295 Rokeby Road
Subiaco WA 6008
Australia
Tel +61 8 9211 1500 | Fax +61 8 9211 1501 info@lionenergy.com.auwww.lionenergy.com.au
Directors & Officers
Tom Soulsby | Executive Chairman |
Damien Servant | Executive Director |
Russell Brimage | Non-Executive Director |
Chris Newton | Non-Executive Director |
Zane Lewis | Non-Executive Director |
Arron Canicais | Company Secretary |
For |
For more information contact
Tom Soulsby
+61 487 527 958 tsoulsby@lionenergy.com.au
Lion firms up its
green hydrogen strategy
Key highlights
- State governments are driving zero-emission transition through regulatory measures and pledges largely by 2025
- Lion is focusing on helping the heavy mobility sector (buses then trucks) comply with these ambitious targets
- Hydrogen refuelling infrastructure is a key component of the transition, but is currently lagging
- Lion, together with its partners, envisions building and operating a network of hydrogen production hubs and refuelling stations
- Lion is working closely with equipment suppliers, bus manufacturers and fleet operators to open its first hydrogen refuelling station
Following its 4 October 2021 announcement ("Update on green hydrogen roadmap"), and our recent release re our capital raising ("Lion receives firm commitments for $9.6m") dated 17 November, 2021 , Lion Energy Limited ("Lion" or "Company"; ASX: LIO) is pleased to provide further details on its green hydrogen plans.
As previously announced, Lion is focusing its initial efforts on the production and delivery of green hydrogen for the domestic heavy mobility market, in particular public buses. To that effect, Lion has signed multiple partnerships with hydrogen refueling equipment suppliers, bus fleet operators and bus suppliers to position itself at the forefront of the opportunity.
Mr Tom Soulsby, Lion's Executive Chairman, said "we are very pleased by the industry's response to our plans. Hydrogen buses are coming to Australia, but the refuelling infrastructure is still missing. Lion and its partners are working hard on filling the gaps and we are working full steam ahead on putting in place a hub and spoke strategy designed to problem solve issues bus fleet operators have in transitioning to zero emission vehicles. The updated pack attached highlights these plans."
The Company cautions that there can be no certainty that a suitable hydrogen opportunity will be identified as a result of this work. Further, there can be no certainty that any conditions precedent to progressing such an opportunity (including, without limitation, compliance with ASX Listing Rules 11.1.2 and/or 11.1.3 to the extent applicable) will be satisfied. ENDS
This ASX announcement was approved and authorised for release by the
Board of Directors.
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ersonal use only
Market update: Lion firms up its Green Hydrogen strategy
November 2021
Lion moving closer to first hydrogen refuelling station
only | 1 | State governments are driving zero-emission transition through regulatory measures and pledges |
2 | Lion is focusing on helping the heavy mobility sector (buses then trucks) comply with ambitious targets | |
use | 3 | Hydrogen refuelling infrastructure is a key component of the transition, but is currently lagging |
ersonal | 4 | Lion, together with its partners, envisions building and operating a network of hydrogen production hubs and |
refuelling stations | ||
5 | Lion is working closely with equipment suppliers, bus manufacturers and fleet operators with a view to open | |
its first refuelling station | ||
2
Lion has established hydrogen value chain partnerships
ersonal use only
Hydrogen city bus manufacturers - overseas/local
Bus fleet operators in Qld, NSW and Vic
States governments are leading the zero-emission charge
"The Morrison Government will act in a practical, onlyresponsible way to deliver net zero emissions by
2050 while preserving Australian jobs and generating new opportunities for industries and regional Australia." Oct 26, 2021
useOn a combined basis, all states have net zero emission targets by 2050
Green hydrogen considered key element of zero emission goals ersonal
Source: 100percentrenewables.com, https://www.minister.industry.gov.au/ministers/taylor/media-releases/australias-plan-reach-our-net-zero-target-2050
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Disclaimer
Lion Energy Limited published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 22:38:12 UTC.