PRESS RELEASE #1

GCE, Jemena Memorandum of Understanding. 

On the 12th of September 2024, GCE entered into a Memorandum of Understanding (MoU) with Jemena Gas Networks (NSW) Pty Ltd.

Jemena owns and operates a vast gas distribution network throughout New South Wales and the core focus of the MoU is the decarbonisation and future-proofing of that network.

Decarbonising an entire gas distribution network is a monumental and courageous undertaking and GCE congratulates Jemena for taking on this challenge.  

At a minimum, a decarbonised Jemena gas distribution network enables the industries, businesses, offices, and homes connected to that network to also decarbonise. Beyond decarbonising, access to renewable molecules and renewable energy sourced from Jemena’s gas distribution network will unlock new socioeconomic development potentials we haven’t begun to consider.

Gas grid to electricity grid sector coupling is one of those potentials. When the implications and scale of this potential are understood and politically supported, it will unlock a new energy paradigm that will reshape Australian processing and manufacturing. 

GCE is cognisant of the enormity of all these potentials and is proud to be part of this transition. 

As a unique project developer, GCE will implement world’s-best-practice, industrial-scale biogas plants and synergistic bioenergy systems to enable the development of a pipeline of expansive, multi-faceted, multi-element, agricultural and agri-industrial aligned circular economy projects throughout NSW.

In developing these projects, GCE will leverage off the vast capabilities, know-how, and experience of GCE’s global biogas, bioenergy, and circular economy partners.

A key deliverable from these projects is to inject 20 Petajoules per year of gas-grid quality biomethane (renewable natural gas) into Jemena’s New South Wales gas distribution network by a target date of 31st of December 2035. To put this amount of biomethane into perspective, this equals 64,000 m3 per hour of biomethane and approximately 40% of the NSW domestic gas consumption.

In addition to the injection of biomethane into Jemena’s gas distribution network, these strategically important circular economy projects are designed to concurrently co-produce multiple forms of renewable energy, biogenic CO2, food, feed, agricultural grade biochar, organic / sustainable fertilisers, bioproducts, and biochemicals as system co-products. The alignment of these GCE projects with Jemena’s gas distribution network enables these deliverables to be amplified exponentially. 

The ‘critical mass’ of new technologies, systems, and know-how captured within GCE’s circular economy projects represents the most consequential socioeconomic development opportunity for rural, regional NSW in generations.