Comet Ridge signs gas supply MoU
Australian gas producer Comet Ridge has signed a memorandum of understanding (MoU) for the supply of gas to be used as feedstock for Iro Resources’ proposed biofuel production facility near Gladstone, Queensland, it said on March 23.
The project plans to produce up to 1bn litres/year of lower carbon transport fuels to be synthesised from both sugar cane fibre and hydrogen extracted from gas, part of which is planned to be supplied from Comet Ridge’s Mahalo Gas Hub.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
“Iro was attracted to Comet Ridge as a gas supply partner given the development timeframe for the Mahalo Gas Hub coincides with Iro’s development plans for its biofuel project and the close proximity of Mahalo to the Queensland Gas Pipeline (the proposed delivery point for supply of gas under the MoU),” the company said.
The MoU is targeting the supply of up to 5.5 petajoules/year of gas from the first half of 2025 for a ten-year period, subject to the execution of a binding gas supply agreement.