Lion Energy collaborates with DGA & Samsung C&T on Brisbane Green Hydrogen Project

Lion Energy Limited (ASX: LIO) has formed a joint development agreement with DGA Energy Solutions Australia Pty Ltd, a subsidiary of Mitsubishi Corporation, and Samsung C&T Corporation to develop a green hydrogen hub at the Port of Brisbane. DGA and Samsung C&T will initially contribute AU$3.7 million for pre-construction costs, acquiring a 25% stake in the project each, with Lion retaining 50%. The partners will secure AU$6.3 million in debt financing upon construction approval, meeting the project’s capital needs. The facility aims to produce over 300 tonnes of green hydrogen annually and has received necessary government approvals. By setting an example for future green hydrogen initiatives in eastern Australia, this project is expected to advance zero-emission solutions in heavy-mobility transportation.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com