Barely five months after the federal government committed more than $22 billion over 10 years to boost green hydrogen as an alternative fuel, two major projects have hit the skids.
Fortescue Mining pulled the pin on its ambitious plans to produce the clean energy source
Of the seven so-called "hydrogen hubs" that have sprung to life in the past year, the two now in jeopardy arguably were the most significant. Origin's participation in the Hunter hydrogen hub raised eyebrows from some quarters who questioned why a major LNG producer and exporter would want to develop a technology that ultimately would undermine its own business. The obvious retort was that it wanted to be part of the future.Grey is produced from burning coal or methane, with the fumes going straight into the atmosphere.
The beauty of the process is that splitting hydrogen from oxygen doesn't send off any emissions. And once hydrogen is burnt as a fuel, it turns back into water. Hence the green moniker.Depending on who you talk to, it can cost up to six times more than the traditional methods using fossil fuels and coal-fired generators.
Like natural gas, it can be liquefied and that prospect raised hopes that it could become a store of energy. That may still come to pass. But it would require a great deal of investment to build a new network of pipes and shipping transport.
Energy Climate Federal Government Peter Dutton Andrew Forrest Origin Fortescue Mining Frank Calabria
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