Project Bangladesh

P R O V I D I N G M A R I N E S U P P LY I N F R A S T R U C T U R E A S PA RT O F
THE FUTURE HYDROGEN ECONOMY
EX E C U TI V E
SU M M A RY
Project Bangladesh is part of a green hydrogen
development platform set up with the objective to
decarbonize key industries through marine based
infrastructure.

We will provide and fund the necessary

infrastructure to allow for the generation, storage,
transportation and delivery of green hydrogen to
offtakers at strategic locations in Bangladesh
PROBLEM • Maritime sector responsible for 2.5%
of all emissions

• Maritime emissions to increase by

250% by 2050

• The energy intensive nature of

maritime operations makes it very
difficult to decarbonise through
conventional means
SOLUTIO Provide the necessary infrastructure to
allow for the generation, storage,
N transportation and delivery of green
hydrogen to offtakers at ports and
industrial waterways
S T R AT E G Y – H Y D R O G E N A S A
S E RV I C E
1. To introduce a small commercial scale fully integrated hydrogen
production, storage and dispensing solution at a strategic location

2. To include partner-provided renewable power production to

power the electrolyser

3. Work with offtakers to facilitate demand growth

4. Expand the project through installation of additional electrolyser

production and hydrogen handling facilities

Rapidly roll-out similar infrastructure facilities globally,

offering development, operation and maintenance services
 TE CH NOLO GY

R E N E WA B L E PEM HYDROGEN
I N S TA L L AT I O N E L E C T R O LY S E R STORAGE
(OFFSHORE WIND
OR GROUND
SOLAR)
 SITES
AND
ROLLOUT
 DIS T RI BUT ED
E NER GY
ROL LOU T

U K P O RT S C E LT I C S E A C O R P O R AT E
S T R AT E G Y O F F TA K E

Currently engaged with stakeholders

in 3 scalable green hydrogen market
segments
 PROJECT
BANGLADES
H
M ATAR B ARI H2 HU B

• Matarbari Port is a deep sea port under-construction at Matarbari in Maheshkhali Upazila of Cox's Bazar District, Bangla

• The container terminal will be built on 18 hectares, and have an annual capacity of 600,000 to 1.1 million TEU. Later, th
container terminal will be expanded, up to 70 hectares, with a 1,850 metres (6,070 ft) berth, and have a 2.8 million TEU
capacity.

• Identified site for solar installation, electrolyser, storage and dispenser

• Green hydrogen produced here will be used within the port as well as being transported upriver to refueling stations to pr
vessels along the river with green hydrogen, as well as industrial users
M ATAR B ARI H2 HU B
• Proposal is for a 1GW floating wind array off-shore
making H2 which will be barged into port for
military use

• Permits will be required and an H2 off-taker

agreement from the government to use the H2

• Location 1 opens access to India and up the Ganges

• While Location 2 has access to Myanmar, Thailand,

Cambodia, and Malaysia

• 1GW of wind array would require 100 turbines in an

area of around 2km squared
C O R P O R AT E
O F F TA K E
B E N E F I TS F O R C O R PO R AT E
O F F TA K E R S
1. High Energy Prices
• Record high gas prices have made green hydrogen already cheaper than
n a t u r a l g a s i n s o m e p l a c e s , w i t h a t a rg e t o f € 1 . 8 0 / k g b y 2 0 3 0 m a k i n g g r e e n
hydrogen cheaper than gas under normal market conditions

2. Security of Supply
• B y p r o d u c i n g g r e e n h y d r o g e n l o c a l l y, o ff t a k e r s w i l l n o t b e s u b j e c t t o
international supply/price shocks

3. Environmental and Social Governance

• B y s w i t c h i n g t o g r e e n h y d r o g e n , o ff t a k e r s w i l l d r a s t i c a l l y r e d u c e t h e i r
e m i s s i o n s , a n d a s t h e h y d r o g e n i s p r o d u c e d u s i n g r e n e w a b l e e n e rg y , t h i s
includes scope 3 emissions
B E N E F I TS
FOR
C O R P O R AT E
O F F TA K E R S
4. Regulatory Benefits
• Reduced emissions provide carbon trading benefits,
f u e l a n d e n e rg y t a x e s a n d p o t e n t i a l f u t u r e c a r b o n
taxes

5. Industry First
• As one of the hardest sectors to decarbonise, an
industry first transition to hydrogen would designate
t h e o ff t a k e r a s a l e a d e r i n e ff o r t s t o c o m b a t c l i m a t e
change
 BA NGLA DES H B USI NE SS
DEVE L OP M E NT T EAM

TIM MUNN SIMON LLOYD ALIM

THANK YOU