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Japan’s Hydrogen Society Promotion Act

Two new Bills make up a “hydrogen promotion” package submitted to the Japanese parliament. The “Hydrogen Society Promotion Bill”, sets up a framework for awarding subsidies under the GX bonds scheme (a contracts-for-difference program), while the “CCS Business Bill” sets out permitting and monitoring requirements for domestic CCS projects in Japan.

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India launches subsidy scheme for renewable ammonia production

The Indian government has launched a new incentive scheme for renewable ammonia, aiming to support the production of 550,000 tonnes per year from 2027. The news comes as the first winners of subsidies for renewable hydrogen production & domestic electrolyser manufacturing were announced. In December, the government also amended an existing scheme to provide financial assistance for new-build vessels powered by green fuels, including ammonia.

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Scaling clean ammonia: a World Bank perspective

To scale clean ammonia production from 1.4 million tonnes under construction today to the projected 269 million tonnes needed by 2030, key risks including offtake, uncertain price and demand need to be addressed. Potential solutions include technological innovation, a clear mapping of supply and demand, and harmonised standards and certification. Learn more about our 2023 annual conference keynote featuring Dolf Gielen from the World Bank.

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Global Ammonia Certification As Enabler for Accelerated Investment and Financing

Ammonia can be a key clean hydrogen carrier for the coming decades. It offers the prospect of a new clean energy commodity that can be traded widely. However, such trade will depend critically on a harmonized international certification system for the embedded greenhouse gas emissions. This presentation will elaborate the market potential as well as the investment and financing needs based on new analysis. It will draw on the recent clean hydrogen certification experience to suggest solutions for the way ahead.

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Avaada Group: $2 billion secured for new Odisha project

REC Limited has committed nearly $5 billion total to three new energy projects in Odisha state, including renewable ammonia projects to be developed by Avaada and ACME Group. Avaada also announced that its facility will include a “cutting-edge” ammonia storage facility, to be developed at Gopalpur Port. The new funds follow a $1 billion investment in Avaada from infrastructure giant Brookfield earlier this year.

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Successful finance pathways for the NoGAPS vessel

New analysis from the Global Maritime Forum has found that the cost gap between ammonia fuel and conventional fuel could be closed as early as 2026 for their new NoGAPS vessel. A series of levers need to be pulled to fully finance NoGAPS and similar vessels (such as long-term charters), but the authors report favorable deals should be readily available. The authors also map out three commercial pathways for NoGAPS to operate, the easiest being exclusive bunkering on the US Gulf Coast.

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India: new state-level hydrogen & ammonia policy, national hydrogen standard

The state government of Andhra Pradesh launched its new hydrogen and ammonia policy in June, including a production target of up to 2 million tonnes per year of renewable ammonia, plus a raft of incentives to attract project developers to the Indian state. The news comes as India’s Ministry of New and Renewable Energy sets the standard for “green” hydrogen produced in the country.

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NSW Hydrogen Strategy update

The NSW Hydrogen Strategy provides for $3 billion of incentives to commercialise green hydrogen supply chains in NSW and includes Australia’s first and only legislated hydrogen production target. This session will provide an overview of key actions in the NSW Hydrogen Strategy and the status of their implementation. By attending this session, you will gain further details on how to apply for the green hydrogen electricity cost concessions, which provide an estimated $2 reduction per kg of hydrogen. Updates will also be available on the NSW hydrogen hub initiative and the NSW hydrogen infrastructure masterplan.