Sign up
Tech Capital

AFC Energy updates on Australian order

The deal with Southern Oil is the company's first commercial order
refinery
Meetings have also been held to discuss logistics, installation and “operational matters”

AFC Energy PLC (LON:AFC) has updated on the progress with its first commercial order.

It said it has conducted “initial engineering and supply chain preparedness work” in advance of finalising terms for the delivery of fuel cells to customer Southern Oil’s Gladstone Refinery in Queensland, Australia.

The work has included several meetings with electrode supplier, Industrie De Nora.

AFC has also spoken to container firms, while it said it is working with to maximise the "plug and play" capability of the fuel cell system at Gladstone.

Meetings have also been held to discuss logistics, installation and “operational matters”, investors were told.

Final engineering design 

“Southern Oil is currently reviewing the final engineering design of their hydrogen solution at the bio-refinery which may result in an adjustment to the volume of hydrogen available for the fuel cell system in Gladstone,” AFC said in a stock exchanged statement.

“However, both parties remain ever focussed on the deployment of Australia's first industrial-scale fuel cell system.”

Southern Oil has created the world's most advanced re-refining plant for waste lube oil, as well as establishing Australia's only advanced biofuels pilot plant and laboratory at Gladstone.

The state-of-the-art operation is expected to be up and running next year.

“It is these types of facilities, together with companies such as Southern Oil, where the deployment of zero-emission fuel cell systems makes absolute sense,” said AFC chief executive Adam Bond. 

View full profile View Profile
View All

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.