Set to be located at the former Theddlethorpe Gas Terminal (TGT) in Lincolnshire, the proposed project, named DelpHYnus, would see a new plant, designed with carbon capture technology, built at the site to meet the power requirements to generate blue hydrogen.
Neptune announced earlier this week it has signed a deal with an unnamed organisation specialising in industrial gas generation for the development of the blue hydrogen plant.
Additionally, Neptune confirmed it has signed a Memorandum of Understanding (MoU) with industrial operations specialist PX Group, which will invest in and operate the power generation element of the plant at TGT.
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