Australia looks to develop domestic green hydrogen industry and export clean hydrogen in a bid to become a global hydrogen leader, the government of one of the world’s top LNG exporters said on Friday. The Australian government today published its new National Hydrogen Strategy, which identifies objectives and actions to take and underpin delivery of Australia’s hydrogen industry at scale. The key to the government’s plan is funding through an estimated US$5.
6 billion AUS$50 billion in private sector investment in the clean hydrogen industry. Under the plan, Australia’s annual domestic production capacity is expected to exceed 1 million tons of green hydrogen by 2030. It anticipates possible annual production targets of 15 million tons by 2050, supported by five-yearly milestones.