The Federal and South Australian Governments are set to invest $100 million to develop a Hydrogen Hub at Port Bonython, which is expected to create more regional jobs, further Australia’s renewables goals, and turn the port into the state’s first large-scale hydrogen export terminal.
Along with private sector funding, the redeveloped Port Bonython is expected to host projects worth up to $13 billion and projected to generate as much as 1.8 million tonnes of hydrogen by 2030.
With expanses of available land, abundant solar and wind resources, South Australia is primed to become a world-class, low-cost hydrogen supplier and the South Australian Government has a comprehensive plan to develop a hydrogen industry in the Spencer Gulf, including through its world leading Hydrogen Jobs Plan, which will include development of a hydrogen electrolyser, power station and storage facility.
The Federal Government, through the Net Zero Economy Agency and review of the National Hydrogen Strategy, will consider what is required to facilitate hydrogen supply chains.
The Federal Government said that its vision is to build a clean, innovative, safe and competitive hydrogen industry that benefits all Australians.
It is investing over half a billion dollars for regional Hydrogen Hubs including in Pilbara, Kwinana, Gladstone, Townsville, the Hunter, Bell Bay and Upper Spencer Gulf.
The recent Federal Budget allocated $2 billion for a new Hydrogen Headstart program to scale up development of Australia’s renewable hydrogen industry.
By 2050, Australia’s hydrogen industry is projected to generate $50 billion in additional GDP and create over 16,000 jobs in regional Australia. The industry is also expected to create an additional 13,000 jobs from the construction of renewable energy infrastructure to power the hydrogen production.