Australia and South Korea will collaborate to develop a Hydrogen Action Plan by the end of the year, Minister for Resources and Northern Australia Matt Canavan today said.
The two countries have signed a Letter of Intent for the plan which will promote hydrogen cooperation under existing energy and resources bilateral agreements.
Minister Canavan has been in the Republic of Korea for the last two days meeting with Korea’s Minister for Trade, Industry and Energy and a number of important industry groups and businesses including the Korea-Australia Business Council, the Hyundai Motor Company, the Korea Gas Corporation and Korea Resources Corp.
He has used his trade mission to release Geoscience Australia’s report for the National Hydrogen Strategy, Prospective hydrogen production regions of Australia, which identifies the regions in Australia that have high potential for hydrogen production.
“I’ll be using my time in South Korea to promote our outstanding potential as a hydrogen supplier with the South Korean Government and company executives,” Minister Canavan said.
“I’ll explain how Australia has been investing heavily in hydrogen projects and outline our National Hydrogen Strategy which will map out the steps we can take to develop a sustainable and commercial hydrogen industry.”
“We have the resources, know-how, infrastructure and research base to produce and supply clean hydrogen to the world, and this report shows every Australian state and territory has regions with excellent prospects for hydrogen production,” he said.
“There are more than 200,000 square kilometres of land rated as having great prospects for supporting renewable hydrogen production, confirming our potential for hydrogen production.”
Minister Canavan will now travel to Japan for the next three days. Key engagements include speaking at the Hydrogen Energy Ministerial meeting, signing a Memorandum of Cooperation with Japan’s Minister for Economy, Trade and Industry, and meetings with energy and industrial heavyweights including Tokyo Gas, Kawasaki Heavy Industries, Mitsui and Mitsubishi.