Posted on 31 Aug 2023
Augustus Global Investment plans to build a green hydrogen plant in Indonesia next year, Kallanish learns from the company’s website.
The Germany-based company self-described as an integrated investor, developer and manager of alternative assets, plans to invest $500 million in Indonesia’s Aceh province. According to its announcement, Augustus signed an initial deal with several companies including state-owned fertiliser maker PT Pupuk Indonesia, PT Pupuk Iskandar Muda, and state utility PT Perusahaan Listrik Negara for power supply and construction.
“We expect construction to start next year in 2024 and production by 2026,” says chief executive Fadi Krikor. The planned facility would have an annual output capacity of 35,000 tonnes of hydrogen produced using renewable energy. The green hydrogen could be exported to Germany, Japan and other Southeast Asian countries, he adds.
Earlier this year, Augustus Global Investments announced that it would provide initial development funding to advance the production and supply of green hydrogen and green ammonia in Vietnam. That project was undertaken by ventures Black & Veatch and The Green Solutions (TGS).
“We are pleased to support forward-thinking businesses like The Green Solutions and Black & Veatch as they work to realise Asia’s decarbonisation ambitions,” Fadi said on that occasion.
Source:Kallanish
