Australian federal ministers have signed a cooperation agreement with Japan to develop hydrogen as a source of energy.
Last week in Melbourne, Minister for Resources and Northern Australia Matt Canavan and Japan Minister of Economy, Trade and Industry Hiroshi Kajiyama signed a joint statement establishing cooperation on hydrogen and fuel cells.
The two nations are already cooperating on the Hydrogen Energy Supply Chain (HESC) project in Victoria and this new agreement will see further collaboration to facilitate hydrogen into the energy mix through the exchanging of views and information.
While HESC will convert hydrogen gas made from brown coal into liquified hydrogen, Minister Canavan also flagged the use of renewables to create the energy source.
“Australia is building a hydrogen production base to foster domestic growth and meet future export demand in Japan and the region. The opportunities are great,” he said.
“Australia and Japan recognise that hydrogen is a key contributor to reducing emissions, especially when produced from renewable energy or fossil fuels combined with carbon capture, utilisation and storage (CCUS).”
Minister Canavan said hydrogen had the potential to create major economic benefits for Australia.
“A hydrogen industry could potentially create thousands of new jobs, many in regional areas, and billions of dollars in economic growth between now and 2050,” he said.
“It will be another energy export we can supply to existing and new markets.”
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