Denison Gas acknowledges the need to reduce emissions as the world seeks to reduce the effect of global warming. Our plans to decarbonise our operations align with the aims and desires of our customers and partners.

Energy customers are seeking to reduce their emissions including by seeking low-carbon fuels, capturing their CO₂ emissions or by offsetting their emissions.

The landholders on whose land we operate, the communities where we are and other parties integral to our social licence to operate over time will rightly measure our performance increasingly on our ability to minimise the environmental impact of our operations.

Many investors, including potential future investors in Denison, have a broadening expectation in relation to low – lower-emissions performance, both from an ethical-investment viewpoint and for the consequent resilience of the Company’s business model in an increasingly emissions-constrained future.

The international community’s resolve to decarbonise the energy supply chain has gained considerable momentum in the last few years, and this has been reflected in the Australian Government’s own statement in relation to a net zero target by 2050. Whilst Denison and the energy industry generally recognised the importance of net-zero some time ago, the formal adoption by governments, including Australia’s, has accelerated the progression of projects to achieve emission reductions.

Denison is developing opportunities in relation to decarbonisation.

Steps taken to date include:

• detailed desktop studies of a potential Carbon Capture and Storage (CCS) project in the vicinity of Denison’s existing operations;
• completed a blue hydrogen production infrastructure study to leverage Denison’s existing assets and gas production; and
• concept development for the adoption of electric-drive compressors for new production growth projects, with the electricity to be sourced through a hybrid power solution of renewable energy and gas-fired generation.

Through decarbonisation initiatives such as these Denison aims to reduce emissions from its operations and offer customers lower-emission products and services.