ARENA backs Fortescue and Incitec’s hydrogen conversion

According to The Australian Financial Review, taxpayers will help fund Fortescue Metals’ first major Australian hydrogen project after the Australian Renewable Energy Agency (ARENA) confirmed it would support the conversion of a fertiliser plant near Brisbane.
ARENA committed $13.7 million to the final stage of study into a possible revival of Incitec Pivot’s Gibson Island plant, which is bound for closure under its existing business model of converting methane gas into ammonia.

https://www.afr.com/companies/energy/taxpayers-back-fortescue-and-incitec-s-hydrogen-conversion-20221007-p5bnx1