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Australian low-carbon hydrogen exports could become a $50bn to $90bn industry in 2050

Australian low-carbon hydrogen exports could become a $50bn to $90bn industry in 2050

Wood Mackenzie, a market researcher, has suggested that low-carbon hydrogen could become a $50bn to $90bn export industry for Australia in 2050.

Australia rates consistently in the top echelons for solar irradiance and has vast potential for the development of largescale carbon capture and storage projects (CCS).

This has been showcased to the world with the Hornsdale power reserve facility and has moved quickly to include and capitalise on low-carbon hydrogen production.

With a growing project pipeline, with 2.94GW of named green hydrogen electrolyser capacity as of 2020, Australia has been recognised as the world’s second largest owner of hydrogen projects after the Netherlands.

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