Australia and South Korea are both investing in hydrogen
Australia and South Korea to finance hydrogen development
Countries will each commit $35mn to collaboration on hydrogen, steel and CCS technologies
Australia and South Korea will each commit A$50mn ($35mn) to a joint project to work on hydrogen and other low-carbon technologies, as well as critical minerals. Australian and Korean firms have already signed a number of memorandums of understanding on developing a hydrogen supply chain, with Australia hoping to export the fuel to South Korea. And the governments of the two countries have already agreed to collaborate on hydrogen technologies as part of a broader pact to develop low greenhouse gas emission technologies. But the new deal represents the first firm financial state commitments towards the collaboration. “We look forward to collaborating on a range of new technologies, with init
Also in this section
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
