Queensland-owned Stanwell Corporation and Japanese energy company Iwatani Corporation have formed a consortium to further the state’s green hydrogen production and export capabilities.
Iwatani has 10 compressed hydrogen plants and 3 liquefied hydrogen plants located throughout Japan, supplying 70 per cent of the country’s hydrogen market.
In teaming with Stanwell, Iwatani aims to underpin the future of hydrogen supply to Japan and support the decarbonisation of Japan’s electricity system.
Stanwell CEO Richard Van Breda said Stanwell and Iwatani had recently completed a concept study identifying that central Queensland has the natural competitive advantages to be a world leader in exporting hydrogen.
“The region has high quality renewable energy resources, available land and water, port infrastructure, and is in close proximity to key export markets,” he said.
“While our concept study showed there is still a way to go for hydrogen to be commercial, collaborating with key partners such as Iwatani will help to drive down the cost of hydrogen technologies, and support the development of the industry.
“Large-scale hydrogen production would introduce new load into the region which would ease pressure on the electricity network and support the growth of renewables in the central Queensland region.”
The company added that with Queensland well positioned to be a major supplier of low emission hydrogen, and global demand continuing to grow, developing links with future importers around the world, such as Japan, was of great importance.
“Demand for imported green hydrogen is particularly strong in Japan, where government policies and action by major companies is driving hydrogen uptake,” said Mr Van Breda.
“Stanwell welcomes the opportunity to continue working with Iwatani on the development of a large-scale hydrogen industry in Central Queensland, with the view of exporting hydrogen to Japan.”
For more information visit the Stanwell website.
If you have news you would like featured in The Australian Pipeliner contact Managing Editor David Convery at firstname.lastname@example.org