1 00:00:00,240 --> 00:00:03,560 Speaker 1: As you may have heard, an export green hydrogen project 2 00:00:03,600 --> 00:00:07,080 Speaker 1: on the Tewii Islands has been given major project status 3 00:00:07,200 --> 00:00:11,160 Speaker 1: by the Northern Territory government. Now Provarus is a four 4 00:00:11,200 --> 00:00:15,800 Speaker 1: point five billion dollar Tewe hydrogen project and has the 5 00:00:15,840 --> 00:00:19,279 Speaker 1: potential to be a first well the first mover in 6 00:00:19,360 --> 00:00:23,239 Speaker 1: the world's transition from fossil fuels to zero carbon energy. 7 00:00:23,600 --> 00:00:27,200 Speaker 1: Now joining me to explain the project is the managing director, 8 00:00:27,840 --> 00:00:30,240 Speaker 1: Martin Caroline. Good morning to you, Martin. 9 00:00:31,720 --> 00:00:32,600 Speaker 2: Good morning Katie. 10 00:00:32,680 --> 00:00:34,959 Speaker 1: Lovely to have you on the show. Now, Martin, can 11 00:00:34,960 --> 00:00:38,400 Speaker 1: you explain what the project involves. 12 00:00:38,840 --> 00:00:41,880 Speaker 2: Yeah, thanks for the request this morning. So the t 13 00:00:42,040 --> 00:00:44,960 Speaker 2: re HS two projects is essentially proposed to be a 14 00:00:45,000 --> 00:00:48,800 Speaker 2: green hydrogen production and export project. It will be located 15 00:00:48,880 --> 00:00:51,280 Speaker 2: on Novel I, as you know, part of the Tilts. 16 00:00:52,080 --> 00:00:55,040 Speaker 2: So to do that, the proposals to build a two 17 00:00:55,040 --> 00:00:57,920 Speaker 2: point on a kig of solar farm. There's a thirty 18 00:00:58,000 --> 00:01:02,200 Speaker 2: k transmission line down to the existing port Novel precinct 19 00:01:02,640 --> 00:01:05,039 Speaker 2: where there's an existing court which will be then use 20 00:01:05,160 --> 00:01:08,360 Speaker 2: to develop and produce a hydrogen for export to the 21 00:01:08,800 --> 00:01:09,880 Speaker 2: Asia Pacific markets. 22 00:01:10,959 --> 00:01:13,600 Speaker 1: And how is it going to I mean, I guess 23 00:01:13,680 --> 00:01:15,559 Speaker 1: the big question that a lot of people will be wondering. 24 00:01:15,560 --> 00:01:18,000 Speaker 1: You've said the Asia and Pacific markets, but you know, 25 00:01:18,120 --> 00:01:21,399 Speaker 1: how will that hydrogen be used and potentially by who? 26 00:01:23,640 --> 00:01:26,080 Speaker 2: Yeah, so the proximity of the two ons and the 27 00:01:26,080 --> 00:01:29,160 Speaker 2: Northern Territory in general is the closest export point to 28 00:01:29,200 --> 00:01:31,920 Speaker 2: the key markets. The one that we've got our eyes 29 00:01:31,959 --> 00:01:36,080 Speaker 2: on is Singapore. So there are new sort of power 30 00:01:36,120 --> 00:01:41,400 Speaker 2: generational requirements for new industries in Singapore which require in 31 00:01:41,520 --> 00:01:46,000 Speaker 2: extensive power and the government there has decided that that 32 00:01:46,040 --> 00:01:50,840 Speaker 2: should be generated using green green energy. So one format 33 00:01:50,880 --> 00:01:53,520 Speaker 2: of that is either to have a grid connection through 34 00:01:53,720 --> 00:01:56,880 Speaker 2: renewable power or the second one is to use hydrogen 35 00:01:57,600 --> 00:02:01,480 Speaker 2: as a gas to fuel that power generation. So it know, 36 00:02:01,560 --> 00:02:05,200 Speaker 2: the benefits of hydrogen is that when it is consumed, 37 00:02:05,200 --> 00:02:08,919 Speaker 2: it produces no CO two and literally just a water vapor. 38 00:02:09,000 --> 00:02:14,200 Speaker 2: So it's very environments environmentally sensitive and also helps the 39 00:02:14,320 --> 00:02:18,880 Speaker 2: countries to move towards their kind of zero net zero targets. 40 00:02:19,120 --> 00:02:22,480 Speaker 1: And Martin, what are the potentials here for the Northern Territory. 41 00:02:24,440 --> 00:02:26,280 Speaker 2: Yeah, so the government has you work with us and 42 00:02:26,280 --> 00:02:30,240 Speaker 2: we've clearly identified key benefits and long long term sustainable benefits. 43 00:02:30,240 --> 00:02:32,760 Speaker 2: So from from a job's creation point of view, We've 44 00:02:32,760 --> 00:02:36,679 Speaker 2: identified a workforce during a three year construction period where 45 00:02:36,680 --> 00:02:39,680 Speaker 2: it could peak as many as five five hundred jobs. 46 00:02:40,320 --> 00:02:42,240 Speaker 2: But long term, you know, the key here is to 47 00:02:42,280 --> 00:02:44,839 Speaker 2: develop long term skills and benefits. So it's at least 48 00:02:44,840 --> 00:02:49,280 Speaker 2: one hundred jobs expected during operations. They would be varied 49 00:02:49,320 --> 00:02:54,720 Speaker 2: from senior technical managers to senior technical positions running across 50 00:02:54,760 --> 00:02:58,840 Speaker 2: the solid generation and electronicis and production right through technical 51 00:02:58,919 --> 00:03:02,960 Speaker 2: jobs and support support services. So a wonderful array of jobs. 52 00:03:03,960 --> 00:03:07,200 Speaker 2: And the long term atus this is proposed to be 53 00:03:07,200 --> 00:03:10,119 Speaker 2: a thirty year production asset, So that's. 54 00:03:10,680 --> 00:03:14,280 Speaker 1: Right, So thirty years. And with those jobs, I mean, 55 00:03:14,440 --> 00:03:16,920 Speaker 1: are they going to be local jobs or are we 56 00:03:16,960 --> 00:03:19,760 Speaker 1: talking about a five fo you know workforce here? 57 00:03:21,639 --> 00:03:23,840 Speaker 2: Well, I think I think the priority would always be 58 00:03:23,880 --> 00:03:27,679 Speaker 2: to look at local content, local resources, So there will 59 00:03:27,720 --> 00:03:30,320 Speaker 2: be some key resources during the construction period and then 60 00:03:30,400 --> 00:03:33,760 Speaker 2: those skills will be transitioned to the longer term locals. 61 00:03:33,760 --> 00:03:36,760 Speaker 2: But as we say, you know, one hundred people long term, 62 00:03:36,840 --> 00:03:40,000 Speaker 2: the preference would be to have them localize in do 63 00:03:40,200 --> 00:03:44,920 Speaker 2: and indeed you try and skill the employees into the 64 00:03:45,000 --> 00:03:46,320 Speaker 2: local TV community as well. 65 00:03:46,400 --> 00:03:48,960 Speaker 1: Yeah. Well, and is there going to be quite a 66 00:03:49,000 --> 00:03:51,840 Speaker 1: focus on working with those local traditional owners. 67 00:03:53,440 --> 00:03:56,200 Speaker 2: Yeah, so today we've had we've had good relationships with 68 00:03:56,240 --> 00:03:59,040 Speaker 2: the Tibi Land Council and the monoply nutritional owners. We've 69 00:03:59,040 --> 00:04:02,560 Speaker 2: got permissions to do the fees of billity level activities. 70 00:04:02,640 --> 00:04:05,320 Speaker 2: So far we will continue to work with them and 71 00:04:05,320 --> 00:04:08,640 Speaker 2: not be traditional landowners and the Twey Land Council as 72 00:04:08,680 --> 00:04:12,760 Speaker 2: we progress, and ideally that you know, we're creating your 73 00:04:12,800 --> 00:04:16,520 Speaker 2: local jobs for the community, so at various levels and stages. 74 00:04:16,600 --> 00:04:19,400 Speaker 2: So you know, I think we would look in at 75 00:04:19,560 --> 00:04:22,200 Speaker 2: in the near term to start building your technical skills 76 00:04:22,320 --> 00:04:26,640 Speaker 2: and transition those skills in time for the commencement of 77 00:04:26,640 --> 00:04:30,520 Speaker 2: construction and again in time for operational roles. 78 00:04:30,279 --> 00:04:33,640 Speaker 1: And when you talk about the major project status, it 79 00:04:33,760 --> 00:04:36,480 Speaker 1: was obviously awarded by the Northern Territory government a little 80 00:04:36,480 --> 00:04:39,919 Speaker 1: bit earlier this week. What does that mean and you know, 81 00:04:40,000 --> 00:04:42,400 Speaker 1: what are the next steps from your perspective. 82 00:04:43,760 --> 00:04:47,400 Speaker 2: Yes, a major project status is the government recognizing the 83 00:04:47,440 --> 00:04:50,400 Speaker 2: significance and long term benefits to the territory and also 84 00:04:51,320 --> 00:04:54,480 Speaker 2: we're paying your recognition to the two E people. What 85 00:04:54,520 --> 00:04:58,640 Speaker 2: that does is kind of streamlines and align the environmental 86 00:04:58,640 --> 00:05:03,040 Speaker 2: and permitting process. It doesn't guarantee the outcome of anything, 87 00:05:03,839 --> 00:05:06,560 Speaker 2: but it does ensure that we have access to the 88 00:05:06,600 --> 00:05:10,880 Speaker 2: relevant resources, so that's that's key. The company has a 89 00:05:10,960 --> 00:05:14,840 Speaker 2: lodged with the NTEPA, a thraw submission that's our kind 90 00:05:14,839 --> 00:05:19,440 Speaker 2: of application that's currently under public disclosure, and the closers 91 00:05:19,480 --> 00:05:23,240 Speaker 2: in early October. So then then from there we would 92 00:05:23,240 --> 00:05:26,240 Speaker 2: look at our final investment decision late twenty twenty three, 93 00:05:26,320 --> 00:05:29,719 Speaker 2: so there's still a number of kind of feasibility level 94 00:05:29,720 --> 00:05:32,960 Speaker 2: studies and activities to go on, and then construction is 95 00:05:33,000 --> 00:05:37,560 Speaker 2: targeted to commence in twenty twenty four over two phases, 96 00:05:37,720 --> 00:05:41,760 Speaker 2: with first operations in early twenty twenty seven, so still 97 00:05:42,279 --> 00:05:45,320 Speaker 2: in some way to go, but clearly the ant major 98 00:05:45,360 --> 00:05:48,520 Speaker 2: projects status is important as we want to look to 99 00:05:48,680 --> 00:05:52,159 Speaker 2: entract international investment which would then be able to assist 100 00:05:52,200 --> 00:05:56,400 Speaker 2: within the financing and the future development and then facilitate 101 00:05:56,440 --> 00:05:57,000 Speaker 2: these jobs. 102 00:05:57,279 --> 00:05:59,800 Speaker 1: Well, Marsham, we appreciate your time this morning and appreciate 103 00:05:59,839 --> 00:06:02,320 Speaker 1: you giving us a bit further detail about the project. 104 00:06:02,360 --> 00:06:05,800 Speaker 1: Thank you very much. Thanks Courtin, thanks for your time.