Newly-passed legislation has established the Hydrogen Production Tax Incentive in Australia, worth AU$2 per kg of renewable hydrogen produced for up to ten years per selected project.
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Australia, Germany launch joint H2Global auction
The governments of Australia and Germany have agreed to establish a bilateral H2Global tender, contributing €200 million each to a joint auction. The process will be similar to a recently-concluded pilot auction for long-term ammonia exports from Egypt to Rotterdam, and a just-launched Canadian scheme.
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Government-industry collaboration to boost ammonia production in Australia
The Port Bonython and Pilbara Hubs are part of a wider strategy by the Australian government to set up multiple hubs around the country to promote renewable hydrogen & ammonia production in Australia. Based on a common-user infrastructure approach and equal federal-state funding, other locations set to benefit from this initiative include Kwinana, Gladstone, Townsville, Bell Bay and the Hunter.
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Hydrogen Headstart: Australia launches review of national strategy, funding priorities
The Australian government’s new Hydrogen Headstart program will invest AUD2 billion across the full value chain, with select projects to receive production credits to bridge the cost gap between conventional and renewable hydrogen. The government has also initiated a review of Australia’s national hydrogen strategy.
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The state-of-play for decarbonising ammonia in Australia: new government report
While the opportunity for Australia to become a world-leading exporter of green molecules is well-established, State of Hydrogen 2022 suggests the best progress to date has been made on a domestic opportunity: decarbonisation of existing ammonia production within Australia. Government support for emerging hydrogen hubs, workforce training and regulatory updates are highlighted as key next steps.
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New funding for Australian export projects
ATCO Australia’s ScaleH2 ammonia export project in NSW will receive funding from both the Australian and German governments. Feasibility work will begin on the 800,000 tonnes-per-year ammonia plant, also being developed by NSW Powerfuels. The announcement comes as the two-year HySupply project released its final report, and a new government-level MoU was signed to develop an export supply chain from Australia to Rotterdam.