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
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets
