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Stock impact report

Australia backs trials to produce green hydrogen to make ammonia [Reuters]

WESFARMERS LTD UNSP/ADR (WFAFY) 
NASDAQ:AMEX Investor Relations: wesfarmers.com.au/investor-centre
Company Research Source: Reuters
Australia backs trials to produce green hydrogen to make ammonia - Reuters 3 Min Read MELBOURNE, Sept 30 (Reuters) - The Australian government has agreed to provide A$2.9 million ($2 million) for two studies into using solar and wind power to produce hydrogen for ammonia, part of a broader push by Canberra to spur development of a hydrogen industry. The Australian Renewable Energy Agency (ARENA) said on Monday it was backing a study into building a green ammonia facility with a solar farm at Incitec Pivot’s Moranbah ammonia plant in Queensland. It is also backing a study to build a green hydrogen ammonia plant with Queensland Nitrates, a joint venture between Incitec and Wesfarmers Ltd, with wind, solar and stored energy from facilities run by France’s Neoen SA. At both sites, natural gas is used as a feedstock to produce hydrogen for ammonia to make ammonium nitrate for the mining industry. The studies are looking for ways to produce hydrogen at an industrial scale by using clean pow Show less Read more
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