Re: At Last - Low Cost Pollution Free Hydrogen a Reality

On Nov 23, 5:52 pm, Eeyore <rabbitsfriendsandrelati...@xxxxxxxxxxx>
wrote:
Willie.Moo...@xxxxxxxxx wrote:
I'm selling hydrogen today.

Made from PV energy ? I thought not.

Graham

Yes, made from PV energy. I deal with those buyers who operate in a
marketing channel that lets me grow from where I am right now through
project financing.

Here is an example;

A remote bauxite mine in a sunny desert region of Australia has large
surface areas to reclaim from past mining, would like to eliminate
their carbon footprint.

They have a lot of old gas wells whose supply is dwindling after years
of mining. Reclamation costs have grown to be about 40% of their
total revenue stream. As in the US these mine owners must put aside
into a sinking fund, money used for reclamation when operations
cease. Despite desert conditions the gas wells also tap into
subsurface water.

They started out with an all gas system, and as gas flows abated they
started bringing in coal to make up the difference. At present they
have a 900 MW thermal heat source coal fired for a boiler that
produces steam. The steam hydrates the bauxite and is part of the
refining process to produce pure alumina. The output of the mine
could be increased, if there were more energy available. This would
increase jobs as well as pay for the people who work at the mine.

Another 300 MW thermal runs a gas fired turbine that drives a 120 MW
electrical generator that runs all the equipment in the mine. About
10 MW is directed toward nearby towns.

Gas supplies are dwindling, and they're looking at going all coal, but
concerns of environmentalists have caused them to look at alternatives
to coal, including me.

I have proposed to cover approximately 6 sq km of spent mine area with
solar panels generating approximately 1.2 GW electrical DC current at
peak output. This returns that 6 sq km to productive use, and
releases a large portion of the sinking fund to the mine's bottom line
the day the project is approved and I enter with them a solar lease
for the property.

In this area, with 1,500 hours of sunlight per year this solar panel
array produces 1.8 million MWh of DC electricity. This DC electricity
is used to generate 360,000 tons of hydrogen each year from 3,240,000
kiloliters of water each year.

The hydrogen is stored in the spent gas wells to maintain at least a
100 day supply. Approximately 100,000 tons are stored and 1,000 tons
are used each day from 9,000 kL of water per day.

The hydrogen floods the old gas wells and mobilizes part of the
natural gas that is now stationary. This extra natural gas multiplier
provides excess energy which can be exported to nearby towns through
an existing gathering system that fed the towns formerly, but with
dwindling supply over the years, they have switched to other sources,
principally coal, or done without.

The plan is to take excess natural gas mobilized by the hydrogen and
distribute it through the same distribution network that operated
formerly and sell the natural gas at market rates.

The 1,000 tons of hydrogen produced each day contain 141.8 million MJ
of energy. This hydrogen when burned produces 1,641 MW of thermal
energy continuously, an extra 621 MW of thermal energy is available.
This is used to expand production in the plant, and provide an extra
50 MW of electrical generation capacity directed toward nearby
towns.

The process eliminates the carbon foot print of the mine and
surrounding community's electrical production, and provides natural
gas for heating and cooking to a broader area, while increasing the
output from the plant and employment levels. Greater abundance of low
cost electricity in the surrounding towns mean improved living
conditions there.

The water exhaust from the hydrogen fired boilers and generators is
captured and used to reduce the water usage of the mine, even while
output is increased.

The plant agrees to sign a 30 year supply agreement for the hydrogen
and make its engineers, architects and management available to support
the conversion, as well as agree to let us enter a reverse lease for
the land. That is, we get paid to make use of the land, a portion of
the released funds.

Market rates for natural gas is around $390 per ton. So, we sell
hydrogen at the same rate on a heat value basis. This places our
hydrogen at $1,000 per ton. At 1,000 tons per day, that's $1 million
per day. This is $365 million per year. Over 30 years, that's $11
billion. Discounted for time value, the contract is worth $6
billion.

A geologist estimates the amount of natural gas that may be mobilized
by our injection of hydrogen into the resevoir. This natural gas is
sold to an investment group interested in marketing the natural gas to
the surrounding towns and villages. We have arranged with the mine to
use a portion of these proceeds to reduce their costs related to land
reclamation.

An environmental investment group is interested in paying us for the
avoided carbon at a discounted price. They will take this project
through all the steps needed to realize carbon credits and then sell
them on the exchanges for such credits. This money goes directly
toward the project.

An engineering firm has estimated the total cost of the project will
be $800 million. Part of this will be taken from the cash flows
already realized, and part will be borrowed. Repayment will be taken
from part of the revenue stream from the hydrogen sales, and part will
be taken from the revenue stream from the increase in alumina
production.

When the project is completed and operating as expected, the entire
project will be refinanced by my company at a lower interest rate, and
my company will take out its profits at that time - and used to reduce
the finance costs of other ongoing projects.
.

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