Idemitsu Kosan Co.,Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shunichi Kito; hereinafter “Idemitsu”) is pleased to announce that Idemitsu Renewable Developments Australia Pty Ltd (hereinafter “IRDA”), a subsidiary of Idemitsu Australia Pty Ltd (Head Office: Brisbane) wholly owned by Idemitsu, Port of Newcastle Operations Pty Ltd (hereinafter “Port of Newcastle”) and Macquarie Group’s Green Investment Group have signed a Memorandum of Understanding (MOU), under which the three parties will jointly study the feasibility of export and bunkering as part of a green hydrogen and ammonia project at Port of Newcastle, Australia.
Joint Study for Export of Green Hydrogen and Ammonia at Port of Newcastle, Australia
The plan for this project (project name: the Port of Newcastle Hydrogen Hub), which is led by Port of Newcastle and Macquarie Group’s Green Investment Group, is to gradually commercialize manufacturing, storage, transport, sales and export of green hydrogen and ammonia from 2024 at Port of Newcastle, New South Wales. The green hydrogen and ammonia produced by the Port of Newcastle Hydrogen Hub will be generated using renewable energy. The feasibility study will include an assessment of the potential export to Japan. The objective of Phase 1 is to build a 40 MW electrolyzer producing 3,500 tons of green hydrogen per year that will be used to produce 20,000 tons of green ammonia per year for the local fertilizer market. Phase 1 of this project is going to receive a 1.5 million AUD support from the Australian Government’s Australian Renewable Energy Agency (ARENA).
The Australian Government has been promoting renewable energy conversion to hydrogen and other transportable mediums as part of efforts toward decarbonization. Australia has vast land areas with excellent wind and sunshine resources suitable for generating renewable energy. For these reasons, Australia has drawn significant attention regarding the great potential for inexpensive and stable production of renewable energy at a globally competitive level. The Idemitsu Group has been building a good relationship with Federal, State and Local Governments in Australia as well as local companies through the operation of coal mines in Australia over the past 40 years. Over this time, Idemitsu has amassed knowledge of the local and export logistics and supply chain from Australia to South East Asia. Fully utilizing these business foundations built over the past decades in Australia, we will continue to work on creating low-carbon and decarbonization businesses, as well as actively participating in Australia’s energy transition. Through this collaboration and joint study, Idemitsu will continue to strengthen its expertise in building a future CO2-free ammonia supply chain and for supplying low-carbon energy.
- Project name: the Port of Newcastle Hydrogen Hub
- Purpose: Manufacture, expansion of supply chain based on local production for local consumption and export of green hydrogen, ammonia, etc. at Port of Newcastle
- Target area: Port of Newcastle, New South Wales, Australia
- Start of survey: October 2021
■Scope of joint survey and study of IRDA (Phase 1)
- Requirements of infrastructure needed for export
- Estimation of demand for export
- Feasibility of bunkering
- Contact Information -
Public Relations Department Public Relations Section, Idemitsu Kosan Co.,Ltd.