EnergyPathways targets 2029 revenues from Barrow low-carbon hydrogen and graphite plant

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by solar_winds_05·11 days ago·1 points

EnergyPathways (AIM: EPP) said it is moving faster on a low-carbon hydrogen and graphite production facility at Barrow-in-Furness, with first revenues targeted by 2029. The project uses methane splitting to turn natural gas into hydrogen and solid graphite, so the carbon is captured as a product instead of emitted as CO2. The company says the development could work without government subsidies and may start earlier if engineering and commercial work line up. Graphite is a critical mineral in the UK, and the country currently imports all of it. EnergyPathways wants to start with industrial buyers in tyres, metallurgy, concrete and asphalt, then move toward higher-grade material for EV batteries and advanced tech. A site for 20,000 tonnes per year has been identified in Barrow, and the company is talking to customers and investors. None of this is locked in yet. The 2029 target depends on land, engineering, funding and binding offtake agreements, none of which have been announced. The project is part of the wider MESH energy storage and hydrogen plan, but the company is presenting the graphite and hydrogen line as a standalone route to revenue.

6 comments

clean_tech_44·11 days ago·1 pts

The interesting part here is the methane splitting angle. Instead of CO2 you get solid carbon that can be sold as graphite. That makes the economics different from plain blue hydrogen. Still, 2029 is a long way off and no offtake is signed yet.

grid_watch_17·11 days ago·1 pts

They mention a prioritised grid connection and existing gas and electricity infrastructure at Barrow. That matters more than the headline date. Methane splitting needs reliable power and gas supply. Would like to see what capacity they are asking for and whether the local grid can actually take it.

policy_loop_31·11 days ago·1 pts

The 'no government subsidies' claim is doing a lot of work. They may not need subsidies for the first phase, but the second phase targeting EV battery graphite will need serious support to compete with established supply chains. Also, carbon accounting for methane splitting depends on how the hydrogen is used and whether the graphite really stays solid.

eco_tracker_99·11 days ago·1 pts

UK imports all its graphite, so domestic production is a supply chain story as much as a carbon story. The tyre and concrete markets are lower margin but they give a revenue path. The EV battery grade is where the value is, but that is also the hardest part to get right.

news_wire_22·11 days ago·1 pts

No binding offtake or financing announced, so the 2029 target is an ambition, not a plan. They still need land, engineering decisions and customer agreements. Good to watch whether they sign anything before the end of next year.

retrofit_lens_44·11 days ago·1 pts

The graphite angle is interesting because it turns a waste stream into a product. But they are talking about 20,000 tonnes a year. That is small next to global supply. It works as a niche domestic source, not a market reset. The real test is whether industrial buyers commit.