More than €4.7 billion is now available to support the growth of hydrogen derivative imports to the EU. Via its implementation entity Hintco, H2Global has already launched a series of auctions to fund ten-year purchase agreements for methanol, ammonia and SAF.
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.
The US Department of Energy has selected seven hydrogen hub applications to proceed to a funding negotiation stage, with $7 billion to be split between them. Fertiliser, power generation, industrial decarbonisation and heavy vehicle transport are all target markets for the new hubs, with locations to range from the Gulf Coast, Appalachia, the Midwest to the Californian coast.
New Zealand-based Hiringa Energy and Australian group Sundown Pastoral will develop the Good Earth Green Hydrogen and Ammonia Project (GEGHA), which will produce ammonia-based fertiliser & hydrogen for fuel cells to support cotton farming near Moree, New South Wales. The partners are already looking to expand to multiple production projects in the area.
H2Global has quadrupled its funding for low-carbon hydrogen and derivatives, financed by the German Federal Ministry for Economic Affairs and Climate Action. The funding will support H2Global’s contract-for-difference instrument which covers the increased costs of producing “green” hydrogen and provides secure long-term contracts for suppliers.
The Australian government’s new Hydrogen Headstart program will invest AUD2 billion across the full value chain, with select projects to receive production credits to bridge the cost gap between conventional and renewable hydrogen. The government has also initiated a review of Australia’s national hydrogen strategy.
The US Department of Energy has launched a new scheme to help “catalyze durable, bankable demand” for clean hydrogen & ammonia production. A request for information notice seeks feedback on potential demand-side measures the US government could implement to complement the regional Hydrogen Hubs program.
The Verdigris Complex renewable ammonia project aims to leverage NextEra’s renewable energy expertise and CF Industries’ experience as a leading ammonia producer to produce zero-carbon fertiliser for US agriculture, boosted by favourable policies included in the Inflation Reduction Act.
The Adams Fork Energy clean ammonia project will produce up to 2.16 million tonnes per year of ammonia, based on gas feedstock and CCS. The project will serve as the anchor for the Appalachian Regional Clean Hydrogen Hub, one of a number of applications being considered by the US Department of Energy for funding as part of a $7 billion jump-start program.