Infinite Blue Energy (IBE) has appointed Mr Peter Coleman as Chairman of its Board of Directors.
Mr Coleman will join IBE’s Board as Non-Executive Chairman effective 30th August 2021.
The former CEO and Managing Director of Woodside Energy is one of Australia’s most prominent business leaders with more than 35 years’ experience in the energy sector.
Infinite Blue Energy CEO and co-founder, Stephen Gauld, said the appointment of Mr Coleman underlines the significance of the opportunity available to IBE in producing green hydrogen for domestic and export markets and is a further vote of confidence in the company’s projects and future strategy.
“Mr Coleman is a respected leader in the energy sector who understands the challenges facing, and the opportunities available to the industry in being at the forefront of global decarbonisation,” Mr Gauld said.
“The potential for renewable hydrogen as a pillar of a cleaner economic transformation is being recognised throughout the world with government policy positions incentivising investment in large-scale hydrogen projects as carbon neutral forms of energy.
“IBE is on a pathway to producing 265 tonnes per day of green hydrogen for domestic and export markets from its Arrowsmith Hydrogen Plant in Western Australia. The project is aligned to the state’s Renewable Hydrogen Strategy and will be the flagship in a portfolio of renewable hydrogen projects IBE will develop throughout Australia and internationally.
“Mr Coleman’s experience and leadership will position IBE as a leader in the development of this exciting new global marketplace and sends a strong signal to our investors that the business can continue on its path with confidence.”
Mr Coleman has been a long-time proponent of the benefits of hydrogen as a means of reducing carbon emissions globally.
“Hydrogen produced from renewable sources, in particular, has enormous potential to decarbonise economies in the future as investment levels increase, climate policies strengthen, and costs of production decrease,” he said.
“Hydrogen is a transport fuel of the future and can be used to decarbonise long haulage transport and remote operations and to reduce emissions in heavy industry and infrastructure.
“I join the IBE Board with the business at an advanced stage in securing its domestic and export market positions and I’m delighted to be leading an Australian business that will be at the forefront of the nation’s desire to create a renewable hydrogen industry.”
About Peter Coleman
Former CEO and Managing Director of Woodside Energy
Former Vice President Asia Pacific and Vice President Americas at Exxon Mobil
Chair of the Australia-Korea Foundation
Doctor of Engineering (honorary) from Deakin University
Bachelor of Engineering (distinction) Monash University
Doctor of Laws (honoris causa) from Monash University
Master of Business Administration from Deakin University
Fellow, Australian Academy of Technology and Engineering
Adjunct Professor, Business School, University of Western Australia
About Infinite Blue Energy (IBE)
Based in Perth, Western Australia, Infinite Blue Energy (IBE) is committed to leading the transition to a net zero emissions economy by developing projects in Australia, Italy and New Zealand to produce and deliver green hydrogen to domestic and export markets around the world. Renewable hydrogen is an emerging resource that will play an important role in decarbonising the world’s economy in the future with significant potential to be utilised into power grids for transport, infrastructure, and industry. Find out more about IBE at www.infiniteblueenergy.com
Photo: L-R: Stephen Gauld, Peter Coleman, Yolanda Gauld