According to The Australian Financial Review, Macquarie Group, Snowy Hydro and Chinese-controlled pipeline owner Jemena are all involved in a group that will examine a potential green hydrogen hub in Newcastle that could have a capacity of 1 gigawatt by 2030.
A $3 million feasibility study into the hub, led by Port of Newcastle and Macquarie’s Green Investment Group (GIG), will be half-funded by a grant from the Australian Renewable Energy Agency.
The hub would initially use a 40 megawatt renewables-powered electrolyser to split water into hydrogen and oxygen, with the hydrogen to be used initially in the Hunter region, in agriculture, transport and energy generation. It could later lead to hydrogen exports from Newcastle, the world’s largest thermal coal terminal.
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