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Infinite Blue Energy Pty Ltd has secured an AUD300 million (US$196.4 million) equity and debt financing from a group of international investors to fund the development of a hydrogen project in Western Australia,
The Arrowsmith Hydrogen Plant project is set to be developed in about 320 km north of Perth. The facility can produce up to 25 tonnes of hydrogen per day using solar and wind energy.
The project is expected to be operational by 2022.
