The 2018 World Energy Outlook (WEO) Report highlights Australia’s position to take a world-leading role in producing low-emissions hydrogen production.
Minister for Resources and Northern Australia, Matthew Canavan, said Australia’s existing infrastructure and expertise in hydrogen, as well as established and emerging projects in every state and territory, gave the country a natural advantage in hydrogen production.
“The WEO report makes special note of the increasing opportunities for low-emissions hydrogen energy production and use, and uses Australia as an example of its vast potential to produce, use and export hydrogen,” Mr Canavan said.
“It could be a real game changer for emissions reductions and energy security.
“Hydrogen is versatile – it can be stored and transported relatively easily, and it offers the potential for using fossil fuels with carbon capture and storage and renewable resources, in which we have a particular advantage.
“As a nation, we are also blessed to have the know-how and drive to develop hydrogen energy export supply chains as well as some of the world’s best scientists conducting cutting edge research into energy.
“Top of that list is our Chief Scientist, Dr Alan Finkel AO, who is preparing a plan for a National Hydrogen Strategy, which the Australian and state governments will consider in December.
“This work complements the significant investment the Coalition Government has already made in the hydrogen energy sector.”
Mr Canavan said that in early 2018, $50 million was invested in the world-first Hydrogen Energy Supply Chain pilot project in Victoria in partnership with the Japanese and Victorian governments and Japanese industry.
“It is one of only a few global projects proving supply chain logistics from end to end; in this case, from gasification of brown coal to liquefied hydrogen delivered to Japan,” MR Canvan said.
“I have no doubt this will help pave the way for investment in a new commercial-scale low-carbon hydrogen export industry from the mid-2020s, diversifying our domestic energy and export sectors.”