How has the use of Hydrogen rescued Australian companies?

Australian companies engaged in the oil and gas business have been rooting for the use of hydrogen to meet the net-zero emission targets. According to studies, switching to hydrogen produced from renewable sources would be significantly cheaper than the electrification pathway.

Earlier in May 2020, the Australian Energy Minister, Angus Taylor had announced a A$300 million investment in developing the Hydrogen industry. The fund will be allocated by the Clean Energy Finance Corporation as a part of the national hydrogen strategy.

BHP Billiton Nickel West Pty Ltd is a vertically integrated mine-to-market company of the BHP Group Limited (ASX:BHP). The company operates in Western Australia, and 75% of its nickel is sold to the battery material suppliers.

 


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