Tuesday, 26 Nov 2024

Japanese-funded $500m project to extract hydrogen from Victorian coal is at risk, sources say

Japanese-funded $500m project to extract hydrogen from Victorian coal is at risk, sources say


Japanese-funded $500m project to extract hydrogen from Victorian coal is at risk, sources say
1.2 k views

People familiar with the Hydrogen Energy Supply Chain project said only a portion of the ¥220bn (A$2.48bn) funding will actually be spent on developing a liquefaction plant in the Latrobe valley and export facilities at the nearby Hastings port.

Opponents, though, say the cost of capturing and storing the resulting carbon emissions will likely render fossil fuel-sourced hydrogen uncompetitive.

Worse, the Japanese partners are offering contracts to take hydrogen produced in the Latrobe valley for fewer than five years. The project owners would then have to sign up alternative customers at a time when green hydrogen supplies should already be available.

you may also like

'Quiet travel' is having a moment; here are top US spots where you can embrace the trend
  • by foxnews
  • descember 09, 2016
'Quiet travel' is having a moment; here are top US spots where you can embrace the trend

Here are 10 destinations for "quiet travel" in the U.S. to check out if you're ready to unplug and unwind on your next vacation. From Maine to Florida, Oregon and more, see the list.

read more