Pure Hydrogen to List in Sydney in Feb
Pure Hydrogen, the company to be formed by the merger of Strata-X Energy and Real Energy, is expected to list on the Australian Stock Exchange (ASX) by the end of February, Strata-X said on January 25.
According to Strata-X, some conditions for the merger have not been met year. The company has convened a shareholders meeting on February 5 aimed at meeting the final conditions. The final court approval for the merger has been scheduled for February 10.
“Strata-X and Real are confident the conditions precedent for the merger will be met and the new entity, Pure Hydrogen Corp, will be listed on the ASX prior to the end of February 2021,” the company said.
Pure Hydrogen is joint venturing with Liberty Hydrogen to set up four east coast Australia hydrogen manufacturing and distribution hubs. It is also studying the commercial viability of building, owning and operating a hydrogen fuel plant in Queensland with a minimum capacity of 36mn kilograms/year. Potential sites for the plant are being reviewed in the Surat basin, adjacent to Real’s existing 50%-owned Project Venus coalbed methane project, and near Gladstone.
Pure Hydrogen recently signed a memorandum of understanding with US-based Hyzon Motors on jointly developing hydrogen refuelling points in Australia.