National H₂ is due to launch a capital raise following the Japanese Government’s Green Innovation Fund’s $2.5-B investment into the Australian H₂ market, which will turn coal from Victoria’s Latrobe Valley into clean energy using carbon capture and storage technology.

The company believes this is a strong indication the Australian H₂ market is poised to take off and deliver substantial value to investors, as the country already has the world’s largest pipeline of announced H₂ projects, including 22 major projects worth up to $300 B.

National H₂ will be raising funds to finance the initial stages of constructing its first plant, which presents a rare opportunity that gives investors seed-level access to a company with plans to build over 240 plants across the APAC region.

The company will provide a right now solution to the climate, energy and waste challenges through a proven plastic-to-H₂ process, which their publicly-listed technical partner will supply.

For its first project, National H₂ already has a feedstock supplier who will deliver it free of charge and a buyer for both electricity and H₂.

With 3.5 MMt of waste plastic available in Australia, there is enough to supply feedstock for 200 plants across the country, which places them in a strong position for rapid, sustainable growth.

They will also target a further 40 plants in Singapore and other countries across the APAC region. National H₂ have four initial sites being considered for development in Australia and Singapore, along with a significant number of locations in the pipeline, which they intend to transform into state-of-the-art H₂ production facilities.