Australian hydrogen developer Infinite Green Energy (IGE) has entered administration the day before an application for a winding up order was due to be heard before the Western Australian (WA) Supreme Court, according to Argus Media.
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IGE had been fighting an application filed by plaintiff DD Investment WA, a privately-owned company, to appoint liquidators because of unpaid debts.
The company’s Arrowsmith project in WA, aimed at developing fuel for the transport sector, was supposed to produce 23t/d of green hydrogen with stage 1 of its scheme.
IGE’s plans included a 100MW alkaline electrolyser and 40t/d liquefaction system with first output in late 2027-28. It would later scale up to 42t/d in stage 2, with South Korean engineering company Samsung C&T backing plans in 2023 for an eventual 100,000t/yr of production.
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KordaMentha’s Richard Tucker and Jared Palandri have been appointed administrators of the company and nine of its associated entities.
