Australia to export clean hydrogen to Japan under AU$150M ACHTP

January 12, 2022 11:45 AM AEDT | By Samta

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Australia to export clean hydrogen to Japan under AU$150M ACHTP — Image source: © Andreus | Megapixl.com

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Highlights

The $150 million Australian Clean Hydrogen Trade Program (ACHTP) would fund hydrogen supply chain initiatives in Australia that attract foreign public or private investment.

The Australian Federal government will fund AU$565.8 million in the program for over five years.

Australia’s current hydrogen production for domestic and export use can generate more than AU$50 billion by 2050.

The Morrison government is bolstering Australia's clean hydrogen export industry with a new programme to encourage foreign investment into hydrogen supply chains that originate in the country.

The $150 million Australian Clean Hydrogen Trade Program (ACHTP) would fund hydrogen supply chain initiatives in Australia that attract foreign public or private investment.

Australia is targeting the first round of funding to export clean hydrogen to Japan under the Japan-Australia Partnership on Decarbonisation through Technology, signed by the two governments in June 2021. ACHTP will support various projects to develop the country’s export supply chain and commercialise clean hydrogen production to derive pure hydrogen-like clean ammonia.

The Australian Federal government will fund AU$565.8 million in the program for over five years for the international partnerships for low emission technologies consisting of the 2021-2022 budget.

The Australian Federal government said that Australia’s current hydrogen production for domestic and export use can generate more than AU$50 billion by 2050.

Bottomline

As Australia is a world leader in clean energy, the Aussie-Japanese partnership will likely fetch more jobs in the economy.

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