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
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
11 March 2025
A reassessment of clean hydrogen’s growth trajectory is underway, but the energy vector’s long-term potential to decarbonise remains intact
10 March 2025
Collaboration has become crucial to success as projects turn out to be more complex and expensive than previously thought, industry figures tell Dubai conference
