Oceania Positioned as Emerging Leader in Low-Carbon Hydrogen Development [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
Oceania, particularly Australia, has stressed the priority of developing a domestic low-carbon hydrogen market in conjunction with the production and use of renewable energies to decarbonise hard-to-abate sectors such as industrials and heavy transport. Oceania, particularly Australia, has placed particular emphasis on using hydrogen for the decarbonisation of the sectors that can offer the most stable demand and most valuable green exports. There is a focus on low-carbon ammonia, methanol and heavy transport as they are mature industries that have sufficient demand globally, which will support scaling the hydrogen sector, contribute to domestic decarbonisation and contribute to the economy through large-scale export. Like with many other regions, transport remains the dominant end-use sector for low-carbon hydrogen, with nearly 3.4mtpa of production capacity being expected to be allocated to transport based on current project announcements. Oceania, particularly Australia, h
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