Green hydrogen powers back up with major funding
A large green hydrogen project provided federal support days after one of the biggest offers to produce clean fuel.
Commonwealth financial support for the Hunter Valley plant will allow it to switch from hydrogen to renewable energy with gas, fossil fuel.
The federal government, which provides loans for the production of $ 432 million for the Orica facility, was allocated under the Hydrogen Headstart program of the federal government.
The $ 2 billion grant program offered by the Australian renewable energy agency aims to create a scale throughout the production of green hydrogen and thus reduce costs over time.
Australia wants to strengthen the heavy industry and long-distance trucks and to be a global leader in green hydrogen to produce green metals such as iron-to meet global decarbonization goals and to combat climate change.
However, the new sector fought to find its feet.
One of the biggest suggestions in the country, Gladstone’s $ 14 billion Central Queensland Hydrogen Project (CQ-H2) was officially scrapped this week after withdrawing the support of the state government.
Federal Energy Minister Chris Bowen accepted the winds faced by the renewable hydrogen industry, but his government has risen to challenge.
“Not a very harsh basket, but in the hard basket,” he said to journalists on Friday.
The unsuccessful Gladstone project was a disappointment, Bowen said Bowen showed a finger to the Queensland government instead of private sector investors.
Queensland Treasurer David Janetzki described the Gladstone project as “speculative in nature ve and said that he did not want to throw the valuable taxpayer dollars into the dollar”.
For the Hunter Valley project, federal incentives will go to a 50 MW electrolyte with renewable energy in the cooragang Island area, which can produce approximately 4700 tons of green hydrogen every year to support regional works in low -carbon industries.
Hydrogen is used to make ammonia, which is important in fertilizer production, so a clean fuel slip will allow Origa to reduce emissions caused by ammonia plants.
It will also open the area for clean hydrogen and ammonia export opportunities.
Anna Freeman, General Manager of the Clean Energy Council Defending and Investment, applauded the government’s commitment to receiving “complex and challenging” renewable hydrogen projects from the ground.
Freman said, “In order to support Australia’s indecisive plans, we need to urgently reduce the cost of this renewable fuel,” Freeman said.
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