Rocket fuel: Australia targets hydrogen as next big energy export [Reuters]
KAWASAKI HEAVY INDS S/ADR (KWHIY)
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Source: Reuters
Rocket fuel: Australia targets hydrogen as next big energy export | Reuters 4 Min Read * Eyes on $7 bln hydrogen market in Asia by 2030 * Production cost seen as biggest hurdle * Japan’s Kawasaki Heavy Industries working to drive down costs * Woodside sees “blue hydrogen” from gas as key to scale By Sonali Paul MELBOURNE, Nov 13 (Reuters) - Australia, the world’s biggest coal exporter and second-biggest liquefied natural gas (LNG) exporter, wants to build its next big energy industry around exploiting solar and wind power along with brown coal to produce hydrogen. The same fuel used to power rockets into space, hydrogen has untapped energy potential without the downside of the carbon emissions from natural gas and coal. Australia is seeking to supply what could be a $7 billion market for hydrogen to China, Japan, South Korea and Singapore by 2030, according to a report done for the Australian Renewable Energy Agency by consultants ACIL Allen. While initially just a fraction of Austral
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