Pure Hydrogen Corporation Limited is set to unlock value by spinning out its Australian gas assets into Eastern Gas Limited, offering shareholders free shares in the new entity. The move positions Eastern Gas to capitalize on strong East Coast gas market demand with an anticipated $8–10 million IPO.
Pure Hydrogen’s subsidiary HDrive International has secured a significant AUD$2 million order from logistics giant TOLL Transport for two Taurus 70t hydrogen fuel cell prime movers, marking a pivotal step in the company’s commercial vehicle sales expansion.