Akihabara News (Tokyo) – Queensland state-owned Stanwell Corporation and Iwatani Corporation are working together to supply Japan with green hydrogen in the near future.
Iwatani, Japan’s largest hydrogen supplier, is currently collaborating with Stanwell on a project in Central Queensland that aims to start shipping liquid green hydrogen to Japan by 2026. Several obstacles, including transportation challenges and cost issues, still need to be resolved in order to overcome its disadvantages vis-a-vis fossil fuels.
Stanwell aims to take advantage of the vast Australian land and the abundance of sunshine and wind to power the electrolyzers that will split water to make hydrogen without the use of fossil fuels. This method produces the climate-friendly “green hydrogen” that is currently witnessing increased demand as the world battles global warming.
The Australian national government has predicted that this industry could generate from US$8.5 billion to US$20 billion in economic growth by 2050, depending on how brisk global demand proves to be. The goal is to produce 280,000 tons per year by 2030, using 3 gigawatts of electrolyzer capacity.
Stanwell Executive General Manager Stephen Quilter recently told Reuters that the green hydrogen opportunity is “real and closer than we think.”