Amp Energy has disclosed a three-month extension to the Strategic Framework Agreement with Iron Road, the lead developer for the Cape Hardy Green Hydrogen project.
The extension is aimed at finalising transaction documents associated with the project’s next phase.
The Cape Hardy Green Hydrogen project, featuring a two-stage development, involves the initial phase of 5GW electrolyser capacity, delivering over 5 million tonnes per annum of green ammonia. Amp and Iron Road are planning to double this capacity to 10 GW in the second stage.
The project may also expand to include an industrial manufacturing precinct, contingent on satisfactory commercial arrangements and assembling a consortium of development partners. Preliminary master planning for the Cape Hardy precinct, including electrolyser supply, water desalination, ammonia plant, and ancillaries, has been completed by Amp and Iron Road.
During the strategic framework agreement period, the project underwent review by two global engineering firms as it enters the pre–front-end engineering design (pre-FEED) stage.
Advanced discussions with landowners, third-party energy developers, and transmission network specialists are ongoing to secure renewable energy supply. The project has garnered strong interest and unanimous support from export and domestic offtake partners, financiers, and local councils on the Eyre Peninsula.
Indicative economic analysis at the pre-feasibility stage supports an unsubsidised levelled cost of hydrogen of approximately $4.58/kg-H2, translating to a mid $916/tonne levelled cost of green ammonia. This costing is subject to ongoing design and economic optimisation.
According to Amp, it aims to provide significant local economic growth and employment opportunities with the project, including 1500 construction, engineering, and services jobs and over 300 full-time jobs.
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