According to The Australian Financial Review, the Morrison government allocated more than $100 million to three green hydrogen pilot projects in a bid to kickstart the burgeoning industry.
The three grants – to be announced by Energy Minister Angus Taylor and the Australian Renewable Energy Agency on Wednesday – were awarded to two projects in Western Australia (Engie Renewables Australia and ATCO Australia) and one in Victoria (Australian Gas Networks Limited). All are subsidiaries of foreign-owned companies.
Mr Taylor said Engie’s project ($42.5 million grant) will see renewable hydrogen used to produce ammonia for export in the Pilbara, while ATCO ($28.7 million grant) and AGN’s projects ($28.7 million) will use renewable energy to produce hydrogen for gas blending into the existing natural gas pipelines.
Engie is French-owned, while ATCO is Canadian-based and AGN is a subsidiary of Hong Kong-listed giant Cheung Kong Group.
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