HPQ Silicon and Novacium Sign MOU with GLD Alloys to produce Green Hydrogen with METAGENE™

Core Insights - The partnership between HPQ Silicon Inc., its subsidiary Novacium, and GLD Alloys aims to accelerate large-scale production of METAGENE™, a next-generation fuel for green hydrogen generation [1][2][3] - The collaboration is positioned to meet the growing demand for green hydrogen, projected to reach a market size of US$500 billion by 2030 [5][6] Partnership Details - The Memorandum of Understanding (MoU) establishes a framework for collaboration without binding terms or financial commitments, focusing on economic and environmental benefits [2][3] - GLD Alloys specializes in producing low-carbon recycled aluminum alloys, essential for METAGENE™ fuel, which generates 1.25 m³ of hydrogen per kilogram [3][4] Environmental Impact - The use of recycled aluminum in METAGENE™ results in a 95% reduction in CO₂ emissions compared to primary aluminum, with an annual CO₂ reduction target of over 5,500 tonnes by 2027 [4][6] - This reduction is equivalent to the emissions produced by approximately 1,200 gasoline-powered cars annually [4] Production Capacity and Timeline - GLD Alloys has an annual production capacity of 200,000 tons of recycled aluminum, enhancing the scalability and cost-efficiency of METAGENE™ [3][5] - A pilot phase is set for 2025, producing 10 kg of hydrogen per day, with commercial production expected to reach 500 tonnes of METAGENE™ fuel per year by 2027 [6][7] Economic Efficiency - The partnership aims to reduce production costs by 30-50% compared to competing technologies, making METAGENE™ a competitive solution in the green hydrogen market [5][6] - The autonomous operation of METAGENE™ requires no electricity or heavy infrastructure, further enhancing its appeal [5][6]