The NSW Premier, Dominic Perrottet, has recently announced the state has the scale and infrastructure to supply Japan and other markets with 110,000 tonnes of green hydrogen annually by 2030.
The State Government knows there is already a demand for the increase in production, following a key Japanese business leader saying his country will not reach its emission reduction targets without NSW’s rapidly expanding green hydrogen industry.
Key talking points:
- NSW has two deep seaports, an abundance of renewable energy and a great opportunity to lead the nation when it comes to capital investment and job creation in the sector.
- Perrottet hopes his government would have $270 billion invested into the burgeoning industry as the world pushes for decarbonisation.
- The Premier said his government is striving to reduce the cost of production to $2.80 per kilo by 2030.
- NSW Treasurer, Matt Kean, said the State, along with Victoria, would spend up to $20 million on hydrogen refuelling stations along the Hume Highway, the east coast’s busiest freight route, in a bid to drive down carbon emissions.
This acknowledgement from Japan shows a global consensus emerging where Australia is backed to become the world’s leading exporter of green hydrogen.
Earlier this month, Europe’s biggest hydrogen project — the Port of Rotterdam — said they were looking to Australian imports to help quadruple supplies of clean energy.
Port executives looked at more than a dozen countries and concluded Australia could produce hydrogen at a competitive price due to the cost profile of its renewable energy sources, even after adding the cost of shipping to the Netherlands.
This growing chorus of countries looking at Australia to meet the increasing demand for clean hydrogen shows the country is well positioned to help the world decarbonise and overcome the global energy crisis.
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