Monday, May 6, 2024
Monday, May 6, 2024
HomePet Industry NewsPet Financial NewsVIC hydrogen plant reaches monetary close

VIC hydrogen plant reaches monetary close

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The advancement of the Hydrogen Park Murray Valley sustainable hydrogen plant has actually reached a brand-new turning point, with the Australian Gas Infrastructure Group (AGIG) reaching monetary close on the task.

On behalf of the Federal Government, the Australian Renewable Energy Agency (ARENA) revealed a $36.1 million dedication to AGIG for the 10MW electrolyser implementation in Wodonga, Victoria.

The task constructs on ARENA’s existing operate in sustainable hydrogen and strong performance history of providing transformative tasks in the energy shift in pursuit of net absolutely no.

The Hydrogen Park Murray Valley task will produce sustainable hydrogen to at first be combined into the regional gas circulation network, owned by Australian Gas Networks, part of AGIG.

The center will lie beside North East Water’s Wodonga Wastewater Treatment Plant. Once total, the task will be the biggest sustainable hydrogen center on the east coast and equivalent biggest in Australia.

The sustainable hydrogen produced will displace gas provided to regional clients and market at blends of approximately 10 percent, decreasing carbon emissions without any modification to feature for gas users.

With more than 40,000 connections to the regional gas network, the task will provide hydrogen to an approximated 85,000 individuals covering the border of Victoria and New South Wales. At a mix of 10 percent, the task is anticipated to cut roughly 4,000 tonnes of CO₂ each year.

Wodonga’s tactical area along a significant roadway freight path likewise offers access to other end usage markets, especially in heavy vehicle transportation.

The Victorian State Government is supporting the task with $12.3 million through the State Department of Energy, Environment and Climate Action (DEECA), with extra sponsorship from the Clean Energy Finance Corporation (CEFC).

Mars Petcare Australia will buy Renewable Gas Guarantee of Origin certificates, produced by the task and certified by GreenPower, to match the gas usage of their regional family pet food factory in Wodonga.

Hydrogen Park Murray Valley is the 2nd 10MW task supported by ARENA to reach monetary close after the very first, Engie’s Project Yuri in the Pilbara, attained the turning point in September 2021. Both were moneyed as part of a $103 million competitive financing round for business scale hydrogen electrolyser tasks.

ARENA Chief Executive Officer, Darren Miller, said the task is leading the way for sustainable hydrogen in Australia.

“It’s essential to scaling up Australia’s renewable hydrogen industry that we get these first-generation projects up and running,” Mr Miller said.

“Producing sustainable hydrogen on this scale has actually never ever been performed in Australia. The lessons we learn here will help notify our hydrogen market as it grows from its early phases to a pillar of the net absolutely no economy.

“ARENA has actually been at the leading edge of advancing sustainable hydrogen tasks and will continue to play an important function, as we support the Australian Government’s Hydrogen Headstart program and other big scale tasks.

What’s interesting about this task is that it will be producing hydrogen that decreases regional emissions from the first day, with the prospective to provide extra markets as they move towards internet absolutely no.”

AGIG Chief Executive Officer, Craig de Laine, said that AGIG is happy to deal with both the Australian and Victorian Governments on this landmark task.

“The strong support received from both the Federal and State Governments demonstrates the importance of renewable hydrogen to decarbonising energy across Australia. We thank all our project partners and key stakeholders, including the Albury-Wodonga community for their contribution to the project to date.”

Since 2017, ARENA has actually dedicated more than $255 million in sustainable hydrogen tasks. ARENA will likewise play a crucial function in the advancement of the Federal Government’s $2 billion Hydrogen Headstart effort to finance the greatest green hydrogen tasks to be integrated in Australia.

Construction on the task is because of start in 2023, with the website functional by 2025.

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