Queensland’s burgeoning hydrogen industry will get a cash injection in a bid to get manufacturing plants running and create a global export hub.

Queensland’s burgeoning hydrogen industry will get a cash injection in a bid to get manufacturing plants running and create a global export hub.

Gladstone has been singled out as one of seven regions to be prioritised for $464 million in grants to help build pilot projects, set up joint ventures, secure supply chains and get production up and running.

Prime Minister Scott Morrison will today announce the cash, saying it will help establish new export industries and set up Australia to supply energy to the growing market in southeast Asia.

The scheme is in addition to the announcement last week for a large-scale renewable hydrogen plant to be built near Gladstone by electricity generator Stanwell, as well as federal, state and other corporate backers.

It’s location near a port, water and high-capacity electricity generation has put the central Queensland city in prime position to take part in a hydrogen boom.

The Clean Hydrogen Industrial Hubs grants will open next Tuesday, September 28, and will include grants of up to $3 million for research and development projects, and a second stream of up to $70 million to rollout hydrogen hubs.

Industry applicants will have to stump up at least half the cash for the proposal, with the grants only to cover 50 per cent of the cost.

Mr Morrison said the funding was about fast-tracking the development of the emerging technology.

“Our plan to invest and develop low emissions industries will mean more jobs for Australian workers, particularly in our regions, cheaper energy for businesses and lower emissions,” he said.

Energy Minister Angus Taylor said the hydrogen industry was expected to create 8000 jobs and generate $11 billion a year by 2050.

Energy Minister Angus Taylor. Picture: NCA NewsWire / Gary Ramage

Energy Minister Angus Taylor. Picture: NCA NewsWire / Gary Ramage

“A thriving hydrogen sector will help Australia to achieve its emission-reduction goals while continuing to grow our economy and support existing industries,” Mr Taylor said.

There are a range of hydrogen projects already starting in Queensland, including the Stanwell project, Dyno Nobel’s study producing renewable hydrogen at Moranbah and QUT research into renewable energy hybrid systems to generate hydrogen.

Other sites to be prioritised like Gladstone will include Bell Bay in Tasmania, Darwin, the Eyre Peninsula in SA, the Hunter Valley in NSW, the La Trobe Valley in Victoria and Pilbara in WA.

Grant applications close in late November and successful proponents will be announced early next year.

Extracted in full from: https://acapmag.com.au/wp-admin/post-new.php

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