Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I definitely heard at the last AGM that South Korea wanted a warranty after the failure of POSCO.
All sorts of questions Daz. It is why the company could be doing its bit to increase confidence by organising that autumn investors day that was discussed at the last AGM.
I feel sure that if there was any good news about Southern Oil we would have been informed by now....The last news update on their website was 13 months ago ...
Thanks Bumble. I don’t for one minute think you would make things up. If the Southern deal is dependent on reaching 4 year longevity doesn’t that then throw into question the reason why the deal has stalled ?
If you check back to the notes after the 2017 AGM, I posted on here on 26 April ( 08:37) there is a reference to Jim Gibson stating that a deal could be signed at 2 year longevity, with 4 year longevity confirmed by the time the fuel cells were installed. I heard this being said, and it was also reported by Chelsea Bear on i i. I assume this was a reference to Southern, there have been no other contracts in that period. I agree it is not in the RNS, but the fact that it was written about a year gone April should indicate I am not making things up.
Nowhere in this RNS does it mention subject to PLACE being achieved-
26 July 2018
AFC Energy PLC
("AFC Energy" or the "Company")
Southern Oil Refinery Update - Receipt of Non-Refundable Deposit
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to confirm receipt of a non-refundable deposit from Southern Oil Refinery Pty Ltd ("Southern Oil") as referred to in the Company's announcement of 12 July 2018.
The Company will now commence the necessary engineering activities with Southern Oil to confirm the scale and final costing of the AFC Energy fuel cell system to be located in Queensland, Australia. The proceeds from the deposit will be used to fund the conduct of the engineering activities and AFC Energy's associated costs.
We expect this initial engineering work to be concluded by late September / early October 2018 following which we will proceed to a confirmed purchase order for the installation of the system which we expect to be fully installed and available for operation and supply of clean energy to the Southern Oil refinery by the end of the first half 2019.
Further updates will be made concerning progress of this project in the fourth quarter of 2018.
Apologies Bumble, you’re correct but does this stack up because installation originally should have been completed by now yet we still haven’t achieved PLACE.
Payments to date have been for initial engineering studies. I was told at the AGM before last that an MoU would be signed in advance of PLACE being met, because by the time they got around to installation the longevity target would be hit. The location was not mentioned, but it seems likely to be Southern.
Sorry, have we sold one yet Daz, or do you know something I don't?
If PLACE hasn't been met how have we sold a system to Southern Oil ?
It is pretty obvious, surely, that with PLACE not having been met, which we have all been well aware of, there would not be any contracts in South Korea.
Hi Richlist
Thanks for putting me straight re South Korea, I must have missed that.
Still strange though that the South Koreans did not look at it with another team though.
It's the lack of clarification that grinds, must say though it's nice to see a few tick ups in the sp.
Hi MitchConnor,
In the 1990's a company I worked for fitted a large percentage of their car fleet with LPG (Liquefied Petroleum Gas) tanks that were situated in the boot. The design passed all the safety H@S tests at the time, and I did not hear of one crash incident where the tank was punctured, not saying there havn't been any though.
As of interest, 'Tests have emphasised that hydrogen is generally at least as safe as natural gas or LPG, and is arguably inherently safer than gasoline, although the character of their risks is not identical.'
Regards Rooky
OK, thanks Klunk. So they can use ammonia to produce hydrogen which can be used via fuel cells to generate electricity to charge batteries in EVs. Got it!
Piltick The PEM fuel cells that are used in cars need to be run on 99.999% pure Hydrogen....Hydrogen produced from cracked Ammonia will not be pure enough for the PEM fuel cell.....but it is pure enough for AFC to use in their fuel cells....
tweeted today by Joanna Sampson @ H2-view,
NGNgas are exploring if existing gas networks in the UK be re-purposed to use hydrogen in order to reduce carbon dioxide emissions from heat.
So the way I understand it, and of course I could have got this wrong, is that if you have ammonia on site, say at a delivery point, then you can use that ammonia either to produce hydrogen to fill up a hydrogen/FC vehicle, or produce hydrogen to charge electricity using a fuel cell to charge up the battery in a EV.
So with ammonia on site, you can provide either hydrogen or electricity, or both!
My understanding is that the battery in a H2/FC vehicle would be much smaller and lighter than in a full EV. Also, I believe the fuel tank in the H2/FC vehicle would contain hydrogen, not ammonia. Presumably the cracker would be at the distribution point?
MitchConnor .... They use a conventional battery.... and PEM fuel cell cant run on Ammonia .
Yeah, just realised how daft that sounded. But still my point is why would you carry the battery, the charger and the fuel for the charger on the vehicle? You would still have to refuel with hydrogen, using ammonia would also require a cracker inside the vehicle. Battery and charging times will only improve.
Mitch, do cars not carry a dangerous flammable liquid in their tanks at the moment?
DW: China probably has a more substantial electric grid system than we have in the UK. Besides, how green is the electricity that the Chinese are charging up their cars with? I imagine most of China's electricity comes from coal.
MitchConnor ..The Metropolitan Police seem to like them. https://www.autoexpress.co.uk/toyota/mirai/102985/fleet-of-11-toyota-mirai-police-cars-to-enter-service-with-the-met
HFC powered cars will surely be battery driven anyway and using a fuel cell as an In car battery charger, sounds overly complicated, bulky and an unnecessary risk carrying a flammable gas/liquid so close to a massive lithium ion battery. Can see it working on trains just not ideal for cars.
The article was about afc I know we are not at the moment but is it still not possible in the future to run a car on amonia with a cracker at a station surely this would make it a cheaper altenative to pure hydrogen who knows perhaps thats why the alkomonia project is been kept quite by psi (wishful thinking)and going back a few years automotive was mentioned in a rns