November 12, 2021
Others
Regarding implementation of joint study and survey on green hydrogen and ammonia project at Newcastle Port, Australia
Idemitsu Renewable Development Australia Pty Idemitsu Kosan Co.,Ltd. (hereinafter referred to as "IRDA") is a subsidiary of Idemitsu Australia (Headquarters: Brisbane), which is wholly owned by Idemitsu Kosan Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director: Shunichi Kifuji, hereinafter referred to as the "Company"). ) is collaborating with Port of Newcastle Operations Pty Ltd (hereinafter referred to as ``Port of Newcastle'') and Macquarie Group's Green Investment Group on a green hydrogen and ammonia project at the Port of Newcastle, Australia. We have decided to jointly consider and investigate the feasibility of bunkering (fuel for ships), and have recently signed a memorandum of understanding with both companies.
Port of Newcastle, New South Wales, Australia
This project (project name: the Port of Newcastle Hydrogen Hub), sponsored by H2Newcastle, a consortium of Port of Newcastle and Macquarie Group, aims to create a green environment through the use of green electricity and external water procurement at the Port of Newcastle, New South Wales. We plan to gradually commercialize the production, storage, transportation, sales, and export of hydrogen, ammonia, etc. starting in 2024. This business concept includes export to Japan, and IRDA will participate in part of the feasibility study and study of Phase 1, which is a short-term business plan. In Phase 1, the goal is to produce 3.5,000 tons of green hydrogen or 20,000 tons of green ammonia per year by constructing a 40MW electrolyzer. For Phase 1, we plan to receive support of A$1.5 million from the Australian government.
In Australia, the government is promoting energy transition toward decarbonization. In addition, the country is large and has climatic conditions such as wind and sunlight that are suitable for the generation of renewable energy, so it is attracting attention for its rich potential for producing renewable energy at a lower cost and more stable than other regions. I am. Through operating coal mines in Australia, our group has built good relationships with state governments and local businesses, and has accumulated knowledge about supply chains such as logistics. Utilizing these business foundations that we have cultivated over approximately 40 years, we will continue to proactively respond to Australia's energy transition and work to create low-carbon and decarbonized businesses. Additionally, through this joint study and survey, we will accumulate knowledge toward building a future CO2-free ammonia supply chain and supplying low-carbon energy, which we aim to achieve.
【reference】
■Project overview
- Project name: the Port of Newcastle Hydrogen Hub
- Purpose: Production of green hydrogen, ammonia, etc. at Newcastle Port, expansion of local production for local consumption supply chain, and export
- Target location: Port of Newcastle, New South Wales, Australia
- Start of consideration: October 2021
■IRDA joint study/investigation scope (Phase 1)
- Infrastructure requirements for export
- Export demand forecast
- Bunkering feasibility
Location of our group's mines in Australia and initiatives for low-carbon and decarbonized businesses
Regarding news release
contact information
Idemitsu Kosan Co.,Ltd. Public Relations Department Public Relations Division