Prime Minister, Scott Morrison visited Star Scientific’s Berkeley Vale facility to announce a government investment of $539.2 million in new clean hydrogen, carbon capture, use and storage projects, targeting the creation of 2,500 jobs.
The package includes $275.5m to accelerate the development of four additional clean hydrogen hubs in regional Australia, to bring together hydrogen technology developers, producers, and suppliers to collaborate and innovate, and the implementation of a clean hydrogen certification scheme.
Following a tour of the Star Scientific facility and a demonstration of Star Scientific’s HERO® technology, the Prime Minister told a media conference: “I want Australia and hydrogen technology to be synonymous around the world.
“Australia is really putting the flag right out there when it comes to ensuring that we lead the world in hydrogen technology.”
The vision for the Hunter-Central Coast Region, according to the Prime Minister, is for it to become a “Hydrogen Valley”, in a similar way that Silicon Valley is to software, bringing together expertise, entrepreneurialism and resources.
Minister for Energy and Emissions Reduction Angus Taylor said the Government was supporting practical, technological solutions to reduce emissions.
“We are backing technology to meet our 2030 target and get to net zero emissions,” he said.
“The Government’s investment will reduce technical and commercial barriers to deploying these technologies [and] encourage new large-scale investment from the private sector, creating jobs and supporting Australia’s economic recovery, particularly in regional areas.”
Andrew Horvath, Global Group Chairman, Star Scientific Ltd said: “This is really important and I really back the Prime Minister and the Minister when they say this is technology driven. Hydrogen is now, hydrogen will be the future fuel. It’s inexhaustible, it will dramatically drop in price and it will become the base fuel of the planet.”