Key legislation that could help pave the way for Australia’s hydrogen industry has been passed through Parliament this week.
Designed to kick start the production of hydrogen from brown coal, the Offshore Petroleum and Greenhouse Gas Storage (OPGGS) Amendment Bills amending the OPGGS Act 2006 were approved by the Senate and are now awaiting royal assent.
“The abundant brown coal resources of the Latrobe Valley are ideal feedstock for one of the world’s first hydrogen export industries based on coal, generating new jobs and business opportunities in a regional area that has been suffering with the closure of the Hazelwood power station,” Keith Pitt, Minister for Resources, Water and Northern Australia, said.
“The CarbonNet project will provide the required carbon capture and storage (CCS) for the development of the low emissions Hydrogen Energy Supply Chain Project.”
“CarbonNet has been investigating the feasibility for a commercial-scale, multi-user CCS network in Gippsland, Victoria, and the Bills that passed through parliament removes one of the technical issues around the project.”
“A proposed site straddles the boundary of state and Commonwealth waters and the Bill amends and clarifies the regulatory framework to help unlock the development of more projects in the Latrobe Valley – providing a cost effective pathway to low emissions.”
“As Australia emerges from the Covid-19 pandemic and begins the process of economic recovery, it’s even more crucial that we ensure that our regulatory approvals support, not hinder, major projects. These amendments achieve that.”