Pure Hydrogen (ASX:PH2) has received about $5.8M for Tax Incentive Payments for the years ending 2015 to 2019.

Pure Hydrogen says the receipt of the funds comes at a very opportune time for the Company as it looks to advance its Jupiter and Saturn projects.

The company plans to supply hydrogen fuel to the Asia Pacific, specifically Japan and Korea together with the Australian domestic market.

It?s currently also investigating technology that converts methane to hydrogen and carbon (graphene) with zero emissions.