Advent is a strong supporter of plans for Net Zero by 2050 and sees the company playing a direct role in achieving that target, especially for
The
The latest gas report from the ACCC has revealed that a supply shortfall in
The NSW Government 'Future of Gas Statement' released in 2021 recognizes that as part of the energy transition, gas from a mix of sources will play a role in supporting access to affordable energy and business growth within NSW and notes the east coast gas market could face a supply shortage as early as 2023.
The PEP11 gas project offshore Newcastle, if successful, could play a key role in meeting that supply shortfall.
The gas price spikes and shortages in the east Australian gas market occur when there is high demand during the Australian winter. This period coincides with summer demand in the northern hemisphere also spiking driven by increased power needs related to summer heatwaves. The converse applies in the northern winter.
World economies are now facing an energy supply crisis as current efforts are underway to move to a low carbon future with rapidly rising energy costs and supply shortages impacting households and economies across the globe.
International energy prices are increasingly setting east coast domestic prices, increasing the volatility in domestic gas prices. This has forced some manufacturers exposed to spot prices to the brink.
The importance of these factors was illustrated when the NSW and Australian Governments signed a 2020 MOU to jointly fund
Preventing power blackouts is becoming more difficult as weather dependent renewables replace coal powered generation. This is forcing AEMO to intervene more often (250 times in 2019 -20 compared to 20 three years earlier) and ordering other sources typically gas power to come online. The 2020 report ranked electricity supply security as "critical "status. ("Power fix urgent as grid teeters AFR 050121").
Carbon Capture, Usage and Storage (CCUS) technology is one of the priority technologies in
meet the climate goals in 2050.The PEP11 project is the closest potential carbon storage area to the major Australian carbon sources which are in the order of 30% of the entire Australian CO2 output. Location is a key factor in carbon disposal with synergies greatest where industrial point sources are both near each other and a viable storage site.
Advent has submitted to the National Offshore Petroleum Titles Administrator (NOPTA) an application to enable the drilling of Seablue-1 approx.26 km SSE of Newcastle offshore NSW. The PEP11 Joint Venture proposes to proceed with the drilling of Seablue in 2022 subject to approvals from NOPTA and other regulatory authorities, and financing. The current permit expiry date is
Advent also announced the appointment of Professor
In
Considerable progress has been made in terms of further technical and corporate development of the Brain Anesthesia Response Monitor (BARM(TM)) and Cortical including pilot sales, personnel recruitment, regulatory approvals, industry recognition, clinical trials, potential strategic partnerships, and engagement with global key opinion leaders as outlined below.
Cortical 2020/2021 Milestones included the aappointments of Mr.
In late 2020 BARM(TM) was awarded regulatory approval by the KFDA enabling Cortical to start pilot sales of BARM(TM) in
Cortical also achieved a major milestone in its pathway to commercialisation in the
In 2020 Cortical announced a Licence and Cooperation Agreement with
Chairman
About
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including
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