Australia and Singapore will establish a A$30m ($23m) partnership to accelerate the deployment of hydrogen to reduce emissions in maritime and port operations, it has been revealed today (June 10).
The initiative will trial the use of clean hydrogen, clean ammonia and other hydrogen derivatives in shipping and port operations and explore the potential for hydrogen demand from the maritime sector.
Each country will commit up to A$10m ($7m) over five years to fund industry-led pilot and demonstration projects, with at least A$10m pf additional investment expected to be leveraged from industry.
The partnership recognises Singapore’s role as a major global shipping hub and Australia’s ambition to position itself as an emerging leader in the growing use of clean hydrogen and clean ammonia.
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