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
11 April 2025
Tariffs and other protectionist measures raise questions about China’s plans to export green fuels and electrolysers, despite its huge cost advantages
11 April 2025
German firm reserves site for three-phase project as developers flock to Europe’s latest green hydrogen hotspot
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
7 April 2025
SAF provides a viable offtake solution for hydrogen producers and benefits from regulatory mandates and strong political support, ensuring long-term demand at higher prices
