Australia-Japan consortium explores hydrogen supply chain

The project will use renewable energy to produce hydrogen, liquefy it at the port of Gladstone in Queensland, and then export the liquefied hydrogen to Japan.

Four new companies have joined the consortium, led by Stanwell, the Queensland public energy company and Iwatani Corporation, Japan’s largest supplier of hydrogen.

The new members are three Japanese companies Kawasaki Heavy Industries, Kansai Electric Power Co and Marubeni Corp, and the Australian energy infrastructure company APA Group., according to a statement from Stanwell.

Australian Renewable Energy Agency (ARENA) announcement that it would provide AU $ 2.17 million for the study. Japan’s Ministry of Economy, Trade and Industry is also funding the study.

Karah Howard of Pinsent Masons, the law firm behind Out-Law, said: Japan’s green hydrogen supply project, making these two jurisdictions once again forerunners in the liquefied hydrogen market.

In June, Stanwell secured land for the project at Aldoga near Gladstone. If possible, the project would initially aim to produce 36,500 tonnes of hydrogen each year for export to Japan from 2026. Stanwell will then increase production to 328,500 tonnes each year in 2031 to meet expected Japanese demand.

The project could generate A $ 4.2 billion in hydrogen exports and A $ 10 billion for the Queensland economy. This would create more than 5,000 jobs in Queensland.

Recently, the Queensland government announced that Japan’s largest oil company, ENEOS, will conduct a study on establishing a commercial-scale green hydrogen supply chain between Japan and Queensland.

In May, Australian energy company Fortescue Future Industries (FFI) signed an agreement with Japanese company IHI Corporation and its Australian branch IHI Engineering Australia to study the potential to establish green ammonia supply chains between Australia and Japan.

Australia and Japan signed joint declaration and agreed to cooperate on hydrogen deployment in january 2020.

Source link

Comments are closed.