Climate Impact and Purus Marine Join Forces on Net-Zero Hydrogen Supply
Published by Todd Bush on March 14, 2025
Renewable hydrogen investor, developer and manager Climate Impact Corporation (CIC) and shipping company Purus Marine have agreed to develop a net-zero shipping pathway for CIC’s renewable hydrogen fuels.
As disclosed, the partnership would enable the global transport of renewable hydrogen developed by CIC’s modular hydrogen solution.
>> In Other News: Southwire Taps Plug Power, Inc. to Advance Carbon Reduction from the Supply Chain
CIC, which is reportedly developing two 10 GW projects in Australia, claimed that a partnership with Purus’ low-carbon shipping capability would position its renewable hydrogen fuels among the most sustainable fuel options available on the market.
David Green, CIC’s Chairman, said: "Demand for renewable hydrogen is powered by a desire for zero-carbon fuels, but traditional products by other producers don’t measure transport emissions when claiming to produce a truly green hydrogen product. Through this agreement with Purus, we’ve further secured a renewable-powered integrated supply chain that’s a game-changer in helping achieve our customers’ net-zero goals."
Green underlined that affordability was at the core of both partners’ approach to shipping renewable hydrogen, adding that every decision the company made in building its modules and securing a supply chain at scale was designed to achieve a $2/kg price for its renewable hydrogen.
"Purus’ innovation in sustainable shipping, adopted alongside these technologies, allows us to maintain this focus without sacrificing affordability," the Chairman concluded.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Major Blue Ammonia Pact: CF, JERA, Mitsui Sign On
Inside This Issue 🧪 CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia 🪨 Microsoft Signs Large Carbon Removal D...
-
US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests
Inside This Issue 🚢 US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests 🌱 Envitec Biogas Commissions Its Largest Anaerobic Digestion Plant in the US 🖥️ First-of-Its-Kind AI-powe...
-
How Occidental and 1PointFive Are Reshaping Clean Energy in the U.S.
Inside This Issue 🏗️ Carbon Capture Gets Real: How Occidental and 1PointFive Are Reshaping Clean Energy in the U.S. 🌊 St Ives Bay Carbon Capture Plans Scrapped 🚢 Major Nations Agree on First-ever ...
Company Announcements
-
Major Events: Canadian Hydrogen Convention Returns to Edmonton Convention Centre for Its Fourth Year
EDMONTON, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- WHAT: We are pleased to share the following major events taking place during the Canadian Hydrogen Convention, organized by dmg events, in ...
-
U.S. Energy Corp. Announces Acreage Acquisition and CCUS Development Update
HOUSTON, April 16, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”) today announced the closing of a strategic acquisition (the “Acquisition”) from a ...
-
Geomega and Rio Tinto Provide Update on Bauxite Residue Valorization Pilot
MONTREAL, April 16, 2025 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) is pleased to provide an update on the bauxite residue valorization activities, don...
-
Technip Energies (PARIS:TE) has been awarded a Front-End Engineering Design (FEED) contract by Jet Zero Australia Pty Ltd (Jet Zero) for Project Ulysses, a bioethanol to sustainable aviation fuel (...