Australia invests in hydrogen
Budget for 2022-23 sees A$850mn investment in hydrogen technologies
Australia will invest nearly A$850mn ($635mn) in hydrogen technologies as part of its 2022-23 budget as the nation looks to become a major exporter of the fuel. The federal budget announced this week sets aside A$300mn to support low-emission LNG and clean hydrogen production at Darwin, together with carbon capture and storage infrastructure. It includes A$247mn to support investment in a guarantee of origin scheme for hydrogen, as well as other technologies. A further A$200mn is set aside for hydrogen manufacturing facilities in the Pilbara region. And A$100mn is allocated to the port of Newcastle on the east coast to help make it ‘hydrogen ready’. “Our technology not taxes approach will ma
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval