09 Dec Fortescue and AGL agree to transform Hunter Valley coal centres into green hydrogen plants
Fortescue Future Industries (FFI) and AGL Energy have agreed to undertake a feasibility study to repurpose infrastructure at two coal-fired power stations in New South Wales to generate green hydrogen.
The Liddell and Bayswater power stations currently account for over 40% of carbon dioxide emissions in NSW, according to 2019 National Greenhouse and Energy Reporting data. However, the repurposing of these sites will help the state meet its target of halving its emissions by 2030.
The Hunter Valley Industrial Clean Energy Hub is expected to support thousands of jobs once complete, in addition to creating a new regional domestic and export industry in green hydrogen.
It will also support Australia’s ambitions to become a global green hydrogen superpower. Green hydrogen is a zero-carbon fuel made by electrolysis using renewable energy to split water into hydrogen and oxygen.
“FFI’s goal is to turn regional Australia into the global green energy heartland and create thousands of jobs now and so many more in the future,” said FFI Founder and chair, Dr Andrew Forrest.
“I wish to thank my forward-looking friend AGL managing director and CEO, Graeme Hunt, who was the first iron ore industry leader to declare my then embryonic iron ore company, Fortescue Metals Group, as a very real future player in the highly competitive iron ore industry – thank you Graeme for exercising the same vision today,” he added.