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ENGIE SA (0LD0.IL)

IOB - IOB Delayed price. Currency in EUR
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12.07-0.16 (-1.34%)
As of 12:36PM BST. Market open.
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  • Reuters

    ENGIE to build renewable hydrogen plant in Western Australia

    MELBOURNE/OSLO (Reuters) -ENGIE said on Friday it will go ahead with plans to build a green hydrogen plant in Western Australia to feed an ammonia facility owned by Norway's Yara International, as the French firm looks to expand rapidly in green hydrogen. The project will use energy from solar panels and a small battery energy storage system at Yara's site to power a 10 megawatt (MW) electrolyser and make 640 tonnes of hydrogen per year, the companies and the government said in separate statements. Construction on the A$87 million ($58 million) Yuri project is due to start in November with first production expected in 2024, ENGIE said.