Orica reaches FID on renewable hydrogen project In NSW Hunter Valley
In India, SolarQuarter reported that Orica has reached a major milestone in Australia’s renewable hydrogen journey after taking the Final Investment Decision (FID) for its renewable hydrogen project in the Hunter Valley, New South Wales.
The decision allows the company to move ahead with an agreement with the Australian Government to produce and use renewable hydrogen at its Kooragang Island facility near Newcastle, according to the report.
The project is being supported through the Australian Government’s Hydrogen Headstart program, which provides production-based incentives for renewable hydrogen projects. As part of the project, Orica will install and operate a 50 MW electrolyzer to produce renewable hydrogen that will replace part of the natural gas currently used in ammonia production, according to the report.
Orica’s Kooragang Island facility produces around 360,000 metric tons of ammonia each year, representing almost all of New South Wales’ ammonia production capacity. By using renewable hydrogen, the company expects to replace about 7.5% of its natural gas consumption, leading to an immediate reduction in greenhouse gas emissions. Once completed, the project is expected to be one of the largest renewable hydrogen facilities operating in the Southern Hemisphere, it added.
Category: Hydrogen
