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Committee for Gippsland welcomes Japanese investment of $2.35B for Hydrogen Energy Supply Chain project

C4G welcomes the Japanese government's $2.3 billion investment to progress the Hydrogen Energy Supply Chain (HESC).

By news@gippsland - 9th March 2023 - Back to News

The Committee for Gippsland has welcomed the Japanese government's announcement to commit $2.35 billion to progress Hydrogen Energy Supply Chain (HESC) project, which last year delivered a world-first cargo of liquefied hydrogen to Japan on a purpose-built ship via the Port of Hastings.

Last year the Hydrogen Energy Supply Chain project delivered a world-first cargo of liquefied hydrogen to Japan on a purpose-built ship from the Port of Hastings

Transition to low carbon economy

The Committee for Gippsland (C4G) CEO Tony Cantwell said he was pleased to see a strong investment for the project to progress. "The HESC project is a critical part of Gippsland's transition to a low carbon economy, as outlined in our Gippsland's Clean Energy Future: Through investment and growth prospectus launched last year. The project is a world leader in demonstrating the end-to-end liquified supply chain for clean hydrogen developed in Gippsland."

The joint venture between J-Power and the Sumitomo Corporation, plans to use carbon capture and storage (CCS) to trap emissions produced during hydrogen production and store them underground in the depleted oil and gas reservoirs of Bass Strait.

The Japanese government's Green Innovation Fund will go to the project through one of its partners, Japan Suiso Energy, that will own and operate a liquefaction and shipping facility at the Port of Hastings. The project is anticipated to supply 40,000 tonnes of clean hydrogen a year and could support 1000 jobs a year in the Latrobe Valley and many more across the hydrogen supply chain.

Pictures from Committee for Gippsland website.

Source: http://gippsland.com/

Published by: news@gippsland.com