Japan and Saudi Arabia inked two sets of cooperation agreements in the domains of hydrogen, fuel ammonia, and carbon recycling, further solidifying their existing trade in crude oil-based crude oil.
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One of the biggest proponents of hydrogen, Fortescue Future Industries, is looking into “green methane” as a more effective means of transporting the zero-emission fuel abroad.
The Hanwha Construction Division will establish a biogas-based hydrogen production company.
According to reports, the government intends to implement new regulations to support businesses engaged in the manufacture and distribution of hydrogen and ammonia in order to encourage the wider adoption of these compounds as next-generation fuels.
In order to gain new momentum, Korean Fuel Cell Innovation is counting on its new hydrogen fuel cell plant in Pohang, North Gyeongsang Province.
Australia shows that renewable energies are outpacing fossil fuels, but not by much. The Office of the Chief Economist at the federal Department of Industry, Science, and Resources estimates that Australian resource and energy projects are worth A$702 billion ($471 billion).
The “Ulsan Port Green Hydrogen Logistics Hub Project” was presented at the “2022 International Hydrogen Industry Exchange Online Seminar” hosted online on the 16th by the Ulsan Port Authority (UPA), who also spoke as a Korean speaker.
A large number of projects totalling 266 billion Australian dollars ($178 billion) have been proposed for it, but only one hydrogen project has received Australia Investments’ commitment. This demonstrates the scope of the challenge it faces in its quest to become a significant exporter of clean fuel.
A hydrogen and methanol production facility will be built in Tasmania by Iberdrola in partnership with Abel Energy. The plant’s initial output is scheduled for 2026 and its construction will cost $1.7 billion.
To the benefit of the greater Hunter, a $100 million investment will ensure that Labor’s vision is realized at the Port of Newcastle.
