Gold Hydrogen and Mitsubishi Gas Chemical Sign MOU to Study Green Methanol Production Using Natural Hydrogen

Gold Hydrogen has signed a non-binding Memorandum of Understanding (MOU) with Mitsubishi Gas Chemical Company (MGC) to evaluate the development of a green methanol production facility on South Australia's Yorke Peninsula using natural hydrogen from Gold Hydrogen's Ramsay Project. MGC is both an existing strategic shareholder in Gold Hydrogen and a global leader in methanol production technology. 

The proposed collaboration would examine how naturally occurring hydrogen could be used as a feedstock for low-carbon methanol production, targeting sectors including international shipping, aviation, chemicals, pharmaceuticals, plastics, power generation and automotive fuels. According to the company, green methanol represents a global market worth approximately US$36 billion, with demand expected to grow rapidly as shipping companies transition toward lower-emission fuels. 

Under the agreement, Gold Hydrogen will lead a staged Pre-Feasibility Study (PFS), expected to commence during the second half of 2026 alongside the company's upcoming Ramsay natural hydrogen flow testing program. MGC will contribute its proprietary methanol production technology, process design expertise, market analysis and commercial evaluation throughout the study. Subject to successful outcomes and confirmation of suitable natural hydrogen supply conditions, the project could progress to a Definitive Feasibility Study (DFS) and subsequently Front-End Engineering Design (FEED). 

Gold Hydrogen believes the Yorke Peninsula offers several competitive advantages for green methanol production, including access to natural hydrogen resources, South Australia's high penetration of renewable electricity, abundant agricultural biomass for sustainable carbon feedstock, established transport infrastructure and deep-water export ports capable of serving Asian markets. The parties also intend to pursue Australian Government support as the project advances. 

The agreement broadens the potential commercial applications of Gold Hydrogen's Ramsay Project beyond hydrogen production alone, positioning natural hydrogen as a possible feedstock for value-added fuels and industrial chemicals while linking upstream resource development with downstream manufacturing opportunities. 

Full press release can be found here.