2022-23 Budget includes funding for hydrogen
The 2022-23 Budget includes:
- $300 million to support low emissions LNG and clean hydrogen production at Darwin, together with associated carbon capture and storage infrastructure. Darwin is positioned to become one of the world’s leading low-cost clean energy hubs, with access to excellent onshore and offshore natural gas and greenhouse gas storage resources, including the Beetaloo and Petrel basins and the Barossa and Bayu-Undan fields.
- $247.1 million to support private sector investment in low emissions technologies including hydrogen, the continued development of a hydrogen Guarantee of Origin scheme.
- $200 million to enhance Australia’s supply chain security through new low emissions manufacturing facilities (using hydrogen and hydrogen-derivatives like ammonia, as well as carbon capture utilisation and storage) in the Pilbara region.
- $100 million to support pre-Final Investment Decision activities and early works to make the Port of Newcastle ‘hydrogen ready’.
- $300 million to support low emissions LNG and clean hydrogen production at Darwin, together with associated carbon capture and storage infrastructure. Darwin is positioned to become one of the world’s leading low-cost clean energy hubs, with access to excellent onshore and offshore natural gas and greenhouse gas storage resources, including the Beetaloo and Petrel basins and the Barossa and Bayu-Undan fields.
- $247.1 million to support private sector investment in low emissions technologies including hydrogen, the continued development of a hydrogen Guarantee of Origin scheme.
- $200 million to enhance Australia’s supply chain security through new low emissions manufacturing facilities (using hydrogen and hydrogen-derivatives like ammonia, as well as carbon capture utilisation and storage) in the Pilbara region.
- $100 million to support pre-Final Investment Decision activities and early works to make the Port of Newcastle ‘hydrogen ready’.
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