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Global Energy Ventures Ltd (ASX: GEV) has started developing a pilot-scale compressed hydrogen (C-H2) cargo ship to capitalise on green hydrogen opportunities across Europe and the Asia Pacific.

The new vessel, able to carry 430 tonnes of C-H2, will be a scaled version of a planned 2,000-tonne cargo ship, which was approved for development in March this year.

Ultimately, the 430-tonne vessel will enable Global Energy to meet a key target: host an operating fleet of CH-2 carriers by the mid-2020s.