The Albanese and Malinauskas Governments have finalised a grant agreement to develop the Port Bonython Hydrogen Hub near Whyalla, Austalia.
The development will create regional jobs and bring Australia another step closer to becoming a renewable energy superpower.
Together, both governments are investing $100 million (€61 million) to develop infrastructure at Port Bonython and prepare it to become South Australia’s first large-scale export terminal for hydrogen.
Along with private sector funding, the redeveloped Port Bonython is expected to host projects worth up to $13 billion (€7.9 billion) and projected to generate as much as 1.8 million tonnes of hydrogen by 2030.
The Prime Minister from Albanese says: ‘We’re working with the Malinauskas Government to develop the Port Bonython Hydrogen Hub, which will support regional jobs and take us a step closer to becoming a renewable energy superpower.’
‘We’re working closely with industry to maximise this opportunity to grow a new industry, which has potential to create thousands of jobs and improve the standard of living for South Australians for generations to come,’ adds Premier Peter Malinauskas.
