Orica Secures ARENA Funding for Hunter Valley Hydrogen Hub Development
Key Ideas
  • Orica has been conditionally awarded A$432 million in ARENA Hydrogen Headstart funding to support the Hunter Valley Hydrogen Hub project, pending final investment decision and pre-conditions.
  • The funding will aid in establishing a renewable hydrogen supply chain in Newcastle, aiming to reduce natural gas demand, cut emissions equivalent to taking 26,500 cars off the road annually, and create jobs.
  • Orica's commitment to sustainability, decarbonisation, and partnership with local communities and First Nations for shared benefits showcases a holistic approach to renewable energy development.
  • The Hunter Valley Hydrogen Hub is anticipated to contribute significantly to industrial decarbonisation, manufacturing growth, and economic stability in the region, highlighting the potential for a greener energy future.
Orica has announced that it has been conditionally awarded A$432 million in funding from the Australian Renewable Energy Agency (ARENA) to facilitate the development of the Hunter Valley Hydrogen Hub (HVHH) project in Newcastle, Australia. This funding, part of ARENA's Hydrogen Headstart program, is aimed at supporting large-scale renewable hydrogen initiatives to accelerate the growth of Australia's hydrogen industry and its integration into global supply chains. The HVHH project, which has received development approval, plans to produce renewable hydrogen through electrolysis using recycled water and renewable electricity. The establishment of the HVHH is expected to reduce Orica's reliance on natural gas by producing approximately 12 tons of renewable hydrogen daily, thus playing a role in cutting emissions and contributing towards a more sustainable future. The project is set to create jobs during both its construction phase and ongoing operations, with an emphasis on partnering with local communities and First Nations to ensure inclusive economic benefits. Orica's commitment to sustainability and decarbonisation is further exemplified by its vision to transition towards low-carbon products and support the growth of the renewable energy sector. The company's strategic location at the Port of Newcastle and existing market connections in industries like resources and agriculture strengthen the commercial viability of the HVHH project. The support from ARENA, the Federal, and New South Wales governments underscores the collaborative effort towards achieving environmental goals and fostering economic development in the Hunter Valley region. Through its investments in renewable hydrogen, Orica aims to lead by example in the industrial sector, demonstrating the feasibility and benefits of clean energy adoption. The project not only aligns with Orica's decarbonisation roadmap but also contributes to Australia's broader ambitions in transitioning towards a greener economy. Overall, the Hunter Valley Hydrogen Hub represents a significant milestone in the journey towards sustainable manufacturing, economic growth, and community partnerships in the region.
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