Seplat Energy's CEO Roger Brown hosts London Capital Markets Day and focuses the strategy. Watch the full video here.
Toneman - can't remember where - but I am sure that I read of our competitor NEL have a combustion incident. AS you say there will be problems where the engineering is not top line. Glad we are working with Linde - decades of experience.
They will announce big order AND the new factory at the same time.
High impact big announcement that will create a new perspective and establish real momentum. Hence do not announce anything now as that would be ‘wasted’ before the big one.
It is full of food and hotel (and retail) - and shortly UMG. These are excellent defensive, quality brand stocks that will benefit considerably as consumer spending recovers post-pandemic in the USA - as noted already Chipotle and Domino shot the lights out wiht their result this week. US airlines are already reporting increasing travel numbers and that will be seen in hotel activity too.
Consider also that companies that have survived the pandemic have massively reduced their costs and invested in technology (read up on Chipotle) hence their profitabilty will be higher as they move back towards full volume consumer activity.
I am not sure I know how PSH will benefit from the SPAC going forward as all its cash (rather than PSHT) will be used on the UGM purchase - arguably that has reduced uncertainty and may lead to a reduction in the circa 25% discount. When combined with the rising value of those assets it seems like a good reward for negligable risk play.
Taskmaster you are correct. I am amused (or is it bemused) to find no less than 9 different colour types of hydrogen. You kind of wonder .................
Feels a bit like the associated government policy making. A full rainbow from robust to wishful nonsense.
Another excellent article. Green will steadily out-compete Blue and I am sure that therer will eventually be a massive row inside the EU on how green versus blue are accredited in carbon tax terms. The Germans will be out there on their own trying to defend an environmental, and increasingly economic/commercial, indefensible blue position.
They will fight really hard but they will lose as Spain, Italy and the nordic countries deliver large scale green. I can see the French sitting on the fence as they plug electrolysers into their nuclear stations - we call that yellow hydrogen I believe - but it is not producing additional carbon/methane that needs to be buried.
The Germans can be such hypocrites - after Chernobyl they started a rapid close of all their nuclear stations - and filled the power suplply gap by buying nuclear from France. Speaking of hypocrites.....the Boris-led UK government looks like it is trying to blur the blue-green issue. The very large scale green new entrants such as Spain, Australia, Chile etc are going to make that blurring very hard to sustain within the next 5-10 years and carbon taxes/tarrifs will reflect that.
Intersting article Taskmaster.
Blue is being driven by companies/countries where there are significant assets 'in peril' in a post carbon world - and can actually make carbon capture and storage work. .
Green will be stronger where there is a 'clean sheet' start eg Australia, Chile and arguably large parts of the Middle East looking at a post oil economy. Wind, solar and electrolysis give them a (relatively) easy route forward.
I see two 'killer issues' that offer green the medium ot long term winning hand. The first will be carbon taxes and the associated certifiaction/accreditation of the hydrogen source.
The second will be the costeffectiveness of working CCS at very large scale. There are not many working examples anywhere and in the UK both goverment and corprates have bauled at the costs of implementation eg BP and Peterhead power station - and of course guaranteeing that the CO2 etc is securelyy locked up for a minimum of 100 years. Not impossible but expensive.
Consider the costs of nuclear de-commissioning - never included in the cost of building becasue the state will pick it up when service ends. The State will not be doing that for CCS - the full lidfe cost of 'decommissioning teh CO2 will have to be rolled into the cost (and price) of Blue hydrogen.
Compare that with green where the scaling up and technology improvements in turbines, solar and electrolysis will drive costs down with certainty.
This is not a VHS/Betamax winner takes all but green has a future potential of reducing costs and I am not sure Blue offers that in the medium longer term. Short and mediuum term Blue is a defensive opportunity to protect existing assets, but those assets will age and decommission - look at the North Sea now.
I think ther is a geo-political angle too. THe west (EU, USA , Japan, UK etc) will push 'real' green and tax/tarrif accordingly. China, Russia and their circle will be happy to use blue/grey and just call it green.
Anyway some thoughts on a Sunday evening.....
The Gigastack project video gives some idea of what a scaled up plant would look like.
How many batteries do you think are needed to power a 100,000 tonne container ship…..what weight and what physical capacity? Shipping is one of the worst carbon offenders and one of the most essential services…..not forgetting trains, heavy commercial vehicles a nd high power consumption vehicles eg used in mining.
There are applications where batteries are the standout choice eg cars. However, while that looks great at the moment there are two difficult issues emerging that need to be addressed. The first is secure sourcing of the vast quantities of scarce raw materials. The second is the capacity of the electric grid systems in pretty much every country in the world to cope with the demand increase as oil / gas / coal are displaced. Even small scale industrial charging applications draw huge power.
Glasgow buses have just announced a pilot at one of their depots in the city for 100 or so busses they are taking delivery of. Not made much of in the announcement was the special work that had to be done by Scottish Power to power it. They are a commercial partner in the project so could push this through, but how will that work when there are potentially dozens/ hundreds of similar locations required all pulling significant load from the grid?
Happily people like AFC are offering alternatives such as ammonia powered fuel cells for stand alone or micro grid power solutions ie using hydrogen to power applications such as charging batteries.
This is a ‘yes and….’, rather than an ‘either or…’ game. But the fact that giga scale hydrogen will be produced in low demand locations and then shipped or pipelined thousands of miles takes you towards hydrogen being a massive future global industry regardless of how far/fast batteries develop.
Back both !
Oh dear doli. .....well you can
Sell and suck it up
Cry like a baby and hope anyone here pays some attention......not that anyone here they gives a toss
Shut the fuXk up
However, as you are clown, none of the above will seem logical to you......so off to the filter pile you go.
Thank you for you massively valuable contribution. I will be bereft without you.
Quite an interesting read. There are many remote or island locations facing similar challenges in displacing oil/coal/gas electricity generation.
AFC does seem to be in a sweet spot technology - ammonia has so much going for it as the transport and storage medium.
This is interesting as it evidences the UK offshore oil and gas industry are getting really spooked about hydrogen. Green is happening much faster and on a much larger scale than previously anticipated and there is now a rush for carbon capture and storage as a lifeline for offshore gas.
While the O&G industyr has the scale and cash to make substantial investments in CCS there is the underlying question of whether it can be made to be economic. The UK govt put up majot funds to develop CCG quite a while ago and Peterhead power station and BP were involved in a project that ultimately went nowhere due to costs and technical difficulties (they wanted UK govt to pay for the pretty much the whole thing).
The Scottish govt now has to be seen to be funding 'transition' for the North Sea industry but it is chicken feed money on offer so far. Will be really interesting to see what happens in the existing O&G industry - already in decline - trying to get Blue hydrogen at scale. All seems to hang on the technical and commercial solutions to making making CCS work for real in a local North Sea context.
Set that against rapidly falling Green hydrogen costs as it accelerates and innovates into much greater scale and scope on a global basis.....
Where would you put your money on that race ?