The port of Newcastle will be made ‘hydrogen ready’
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
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
