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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries