Nationals brawl over hydrogen

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 8 : 27-Apr-22

The federal government has committed more than $1bn to the development of hydrogen hubs as part of its net-zero emissions strategy. However, National Party senator Matt Canavan says energy policy should focus on building new coal-fired power stations rather than hydrogen hubs, arguing that Australia needs a reliable energy supply now. Nationals leader Barnaby Joyce has defended Canavan’s stance on coal but says that unlike Labor, the Coalition’s policies will allow the nation to have both a coal and hydrogen industry. Joyce has rejected Canavan’s call for Australia to put its net zero strategy on hold.

CORPORATES
NATIONAL PARTY OF AUSTRALIA

Forrest’s green vows hit $200bn

Original article by Nick Evans
The Australian – Page: 13 & 16 : 8-Nov-21

Media analysis reveals that Fortescue Future Industries has ‘inked’ agreements for hydrogen and renewable energy projects in over 20 countries over the last 18 months, with FFI being the green energy unit of Fortescue Metals Group. It has been estimated that FMG would need to find $US195 billion to pay for all the projects that its chairman Andrew Forrest has committed FFI to, while it is likely to cost even more than that to achieve FMG’s goal of producing 15 million tonnes of hydrogen a year by 2030.

CORPORATES
FORTESCUE FUTURE INDUSTRIES PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG

WA could not offer site for FMG plant, Govt reveals

Original article by Stuart McKinnon
The West Australian – Page: Online : 13-Oct-21

The Western Australian government has revealed that Fortescue Metals Group chose to build a $1bn electrolyser plant in Queensland because there was no suitable site for the green hydrogen project in WA. Liberal Party leader David Honey says the fact that Fortescue founder Andrew Forrest selected Queensland for the site of the project rather than his home state demonstrates Labor’s "complete failure" to put in place the necessary infrastructure and incentives to develop green hydrogen export jobs. He has called for State Development Minister Roger Cook and Hydrogen Industry Minister Alannah MacTiernan to be removed from their portfolios.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, LIBERAL PARTY OF WESTERN AUSTRALIA, AUSTRALIAN LABOR PARTY

BP, Macquarie see a green future for shuttered Australian oil refinery

Original article by Nick Toscano
Brisbane Times – Page: Online : 8-Sep-21

The Western Australian government will partially finance a feasibility study into converting the defunct oil refinery at Kwinana to produce ‘green’ hydrogen. BP announced the refinery’s closure in October 2020; the energy giant and Macquarie Capital will now look into the viability of using the facility to produce hydrogen from renewable energy. WA premier Mark McGowan says that green hydrogen produced at Kwinana could eventually be exported worldwide. Green hydrogen is currently much more expensive to produce than ‘grey’ hydrogen, which is produced using fossil fuels.

CORPORATES
BP PLC, BP AUSTRALIA LIMITED, MACQUARIE CAPITAL PTY LTD, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Fortescue vindicated on hydrogen

Original article by Brad Thompson
The Australian Financial Review – Page: 14 : 7-Jul-21

Fortescue Metals Group has outlined the progress it has achieved in its goal of making its iron ore operations carbon-neutral by 2030. The pure-play producer has advised that it has produced high-purity ‘green’ iron from its Pilbara iron ore via a trial decarbonisation project that is being run by its Fortescue Future Industries subsidiary. The trials have also resulted in the production of ‘green’ cement by combining waste from the green iron process with other materials.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, FORTESCUE FUTURE INDUSTRIES PTY LTD

PM pushes jobs on road to net zero

Original article by Geoff Chambers, Perry Williams
The Australian – Page: 1 & 4 : 21-Apr-21

Prime Minister Scott Morrison says the federal government will adopt a ‘technology-first’ approach to reducing carbon emissions. He will reveal plans for the government to invest in four clean hydrogen hubs in regional Australia, as well as carbon capture and storage technology. These initiatives will cost some $540m, while Morrison says they will create 2,500 jobs. Morrison has also committed to ensuring that the government’s climate policies will not penalise industries that have high carbon emissions, such as mining and agriculture.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Canberra boost for Pilbara renewables

Original article by Elouise Fowler
The Australian Financial Review – Page: 20 : 23-Oct-20

The proposed Asian Renewable Energy Hub in the Pilbara is set to be granted major project status by the federal government. The 6,500-square kilometre hub will use wind and solar power to produce zero-emission green hydrogen for the domestic and export markets. So-called clean hydrogen was identified as one of five priorities in the government’s low-emissions technology roadmap. A final investment decision on the $US36bn ($51bn) project is slated to be made by 2025.

CORPORATES

Twiggy’s hydrogen kickstart

Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 23-Nov-18

Fortescue Metals Group chairman Andrew Forrest says the iron ore miner is keen to be involved in the development of hydrogen as a low-emissions fuel. Fortescue and the CSIRO have signed a $20 million agreement to develop and commercialise CSIRO technology that extracts pure hydrogen from ammonia. Mercedes-Benz, Honda, Hyundai and Toyota are all developing hydrogen-powered cars. Forrest has described hydrogen fuel as an "energy revolution".

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, CSIRO, MERCEDES-BENZ AG, HONDA MOTOR CORPORATION, HYUNDAI MOTOR COMPANY LIMITED, TOYOTA MOTOR CORPORATION, TESLA INCORPORATED

Liquid sunshine offers hope for new energy export industry

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: Online : 11-Sep-18

Cheung Kong Infrastructure, Woodside Petroleum and Royal Dutch Shell are among the energy companies operating in Australia that are keen to grab a foothold in the hydrogen supply sector. The global hydrogen market is expected to be worth $US155 billion by 2022, while ACIL Allen has estimated that Australian hydrogen exports could be worth $1.7 billion per annum by 2030. As well as providing an export market for the renewables sector, developing a hydrogen supply industry in Australia would make the switch to lower carbon energy less expensive.

CORPORATES
CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, AGL ENERGY LIMITED – ASX AGL, ACIL ALLEN CONSULTING PTY LTD, CSIRO, AUSTRALIAN RENEWABLE ENERGY AGENCY, KAWASAKI HEAVY INDUSTRIES COMPANY LIMITED

Hydrogen industry to future-proof coal

Original article by Simon Benson
The Australian – Page: 4 : 10-Aug-18

Chief Scientist Alan Finkel will make recommendations on the development of a hydrogen energy industry in Australia to federal and state energy ministers. He will advise that the cheapest way to produce hydrogen energy is via the gasification of brown coal. However, the process must involve carbon capture and storage if it is to be a viable source of renewable energy. Finkel’s hydrogen strategy is backed by both the renewable energy and mining sectors. Minerals Council of Australia CEO Tania Constable says it could mean a new industry for Victoria’s Latrobe Valley, which has been impacted by the closure of the Hazelwood power station.

CORPORATES
AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, MINERALS COUNCIL OF AUSTRALIA, COUNCIL OF AUSTRALIAN GOVERNMENTS