New Hydrogen Project Makes South Australia A Global Leader
SOUTH AUSTRALIA has launched a $240m renewable hydrogen project, further cementing its position as a renewable energy superpower.
"This is fantastic news. South Australia's plan to produce and export renewable hydrogen will have many benefits. It will create jobs for Australians, build a future export industry and tackle climate change, all at the same time," said the Climate Council's CEO Amanda McKenzie.
Hydrogen company H2U is planning to build the world's largest green ammonia plant near Whyalla. The Marshall Liberal Government has stated it will fund critical infrastructure upgrades to increase hydrogen investment and export opportunities.
"This announcement demonstrates more outstanding leadership from South Australia. This is particularly important because our Federal Government has failed to deliver a credible climate and energy policy," said Ms McKenzie.
Renewable hydrogen will play a key role in the clean economy of the future, offering a solution for reducing emissions in industries such as steel-making and long-range transport.
"With the right policies, investments and Australia's huge national advantage from our sun and wind, we can be a leader in this major new global industry," said Ms McKenzie.
Countries like Japan and South Korea have set strong hydrogen targets and have the potential to be significant export markets.
South Australia is already an international leader in renewable energy and storage, sourcing over half of its electricity from wind and solar. It is also home to Australia's largest battery.
Today's announcement comes after economic modelling from the Climate Council found that 7,000 direct jobs can be created in South Australia over the next three years, rapidly getting people back to work while also tackling climate change.
