Policy Pillar: Hydrogen rising Down Under, and Oceania capitalising on opportunities

With its abundant sunshine and resources, Australia continues to accelerate its hydrogen development. Whether it’s alumina, iron, steel or ammonia, Australia is well placed to capitalise on transition opportunities domestically and internationally, and hydrogen is set to play a key role in its energy policy and economic development.

Australia is the largest exporter of alumina globally, which is expected to contribute $7.5bn of exports to the Australian economy in 2022. The vast sun-kissed country also has an abundance of low-cost renewable energy resources and significant local expertise, both of which are necessary to achieve its Net Zero ambitions by 2050.

As the world’s largest producer of iron ore, Australia is taking the lead on reducing emissions from the steel value chain, and set to diversify its exports as it increasingly becomes a key exporter of ammonia, principally to Asia.

According to research conducted for the Australian Renewable Energy Agency (ARENA), demand for hydrogen exported from Australia could be over three million tonnes per year by 2040, which could be worth up to $10bn each year to the economy by that time. Activity is now in full flow. On behalf of the Australian Government, the Australian Renewable Energy Agency announced $947,035 in funding to Calix to evaluate the feasibility of a low-emissions method for reducing iron.

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