Australia invests A$540m in hydrogen and CCS

The Australian Petroleum Production and Exploration Association (Appea) has welcomed the federal government’s A$540-million investment into new hydrogen and carbon capture and storage (CCS) projects, saying it was a massive boost for the Australian oil and gas sector and would help to further cut emissions.

The federal government will pledge A$275-million towards the development of four more hydrogen hubs in regional Australia, while also investing A$263.7-million to accelerate the development of CCS projects, hubs and technologies across the country.