📋 About: Province Resources Ltd (ASX: PRL) has acquired a Zero Carbon Hydrogen project located in the north of Western Australia. The company will develop the HyEnergy Carnarvon Basin project in the Gascoyne region in Western Australia and is aiming to be Australia’s first truly Zero Carbon Hydrogen producer.
🌏 Macro Theme: Green hydrogen is indispensable to climate neutrality. It features in all eight of the European Commission’s net zero emissions scenarios for 2050. On the back of climate commitments in Europe and Asia, nearly half of the globe has already embraced net zero policies. Early statements from the new US Administration also appear encouraging.