Lion exits green hydrogen business to refocus on core oil and gas assets
In Australia, Petroleum Australia reported that Lion Energy has chosen a complete exit from its green hydrogen operations, choosing instead to concentrate capital and executive resources on its core upstream oil and gas portfolio.
The decision will see Lion discontinue development of its flagship Port of Brisbane hydrogen project and unwind all remaining hydrogen activities, according to the report.
The pivot comes after Lion’s joint venture partners opted not to move into the project’s next development phase, citing changing market conditions. While the company achieved key milestones, including securing local planning approvals and executing a joint development agreement, the commercial landscape for green hydrogen infrastructure has faced mounting headwinds.
Elevated capital costs, alongside slower-than-expected policy support and customer adoption, ultimately rendered the project commercially unviable.
Category: Hydrogen
