Queensland’s Hydrogen Industry Development
The Queensland government last week released its $19 million Hydrogen Industry Strategy 2019–2024.
Hydrogen is expected to be a big player in future of transport and we are already seeing advanced tech adopters, Japan using the fuel source for its vehicle industry with several hydrogen-powered cars.
Cameron Dick, Minister for State Development, Manufacturing, Infrastructure and Planning says $15 million will be channeled into an industry development fund to ensure the growth of a hydrogen industry in Queensland.
He said, “Our five-year plan will help drive the development of an economically sustainable and competitive hydrogen industry in Queensland, creating more highly skilled jobs and export opportunities.
“The energy production from renewable hydrogen is something that has long been possible, however, conditions are now more favourable for this industry to develop locally.
“Global demand for hydrogen is increasing, with the market expected to reach $US155 billion by 2022, and much of that will be driven by Asia-Pacific markets.”
Mr Dick also stated that if industry, universities and research institutes work toegther, Queensland can develop a world-class renewable hydrogen industry.
Premier Annastacia Palaszczuk recently signed a memorandum of understanding in Japan, with resources investment group Japan Oil, Gas and Metals Corp (JOGMEC) to continue developing hydrogen.
Queensland’s new hydrogen strategy will focus on five areas. These are supporting innovation, facilitating private investment, effective policy frameworks, building community awareness and facilitating skills development.
Queensland seems to have all the essential qualities to support a renewable hydrogen industry, including solar, wind and biomass, a pro-business government. Hydrogen export could use existing gas pipeline infrastructure, supported by first-class export facilities.
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3 June 2019