A grant has been finalised by Australia’s Albanese and Malinauskas Governments to develop the Port Bonython Hydrogen Hub. How will this help to amplify the country’s renewable hydrogen industry?
With this, both governments are investing $100 million to develop infrastructure at Port Bonython and prepare it to become South Australia’s first large-scale export terminal for hydrogen.
Australia’s government officials have said that along with private sector funding, the redeveloped Port Bonython is expected to host projects worth up to $13 billion. In addition, it is projected to generate as much as 1.8 million tons of hydrogen by 2030.
Up to now, the Australian Government has invested over half a billion dollars in regional hydrogen hubs. This includes in Pilbara, Kwinana, Gladstone, Townsville, the Hunter, Bell Bay, and Upper Spencer Gulf.
Australia’s PM Albanese stated that the hub is key to boosting the country’s hydrogen economy: “We’re working with the Malinauskas Government to develop the Port Bonython Hydrogen Hub, which will support regional jobs and take us a step closer to becoming a renewable energy superpower.
“The global shift to clean energy and decarbonized economies is a huge economic opportunity for Australia. We are determined to grasp this opportunity and are investing half a billion dollars into regional hydrogen hubs all around Australia.”