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Tasmania to Boost Renewable Hydrogen with $50M Hydrogen Action Plan

By March 2, 2020 2   min read  (261 words)

March 2, 2020 |

Tasmanian Hydrogen Strategy

The Tasmanian Government is committed to renewable hydrogen industry development in Tasmania and is facilitating this through a comprehensive $50 million over 10 years package of support measures.

This includes a $20 million Tasmanian Renewable Hydrogen Fund and $20 million in concessional loans. Additional measures include up to $10 million worth of support services including competitive electricity supply arrangements and payroll tax relief.

These support measures will be delivered through a competitive Expression of Interest process, which will commence shortly after the release of the Action Plan.

Actions:

Tasmania’s Coordinator-General will continue its investment attraction and industry development work, including with prominent international proponents and consortia, to facilitate investment in renewable hydrogen production for export and domestic use.

Continue to foster international partnerships s with governments and businesses in countries seeking to import renewable hydrogen, including Japan, South Korea and China, and to strengthen relationships through facilitating and attending trade delegations.

Industrial precincts in Tasmania, in particular the Bell Bay Advanced Manufacturing Zone and in the north-west coast region, will continue to be promoted as prime hydrogen hub locations.

Deliver a comprehensive $50 million package of renewable hydrogen support measures over 10 years through a competitive Expression of Interest (EOI) process, commencing in the second quarter of 2020. The support package will include:

  • a $20 million Tasmanian Renewable Hydrogen Fund
  • $20 million in concessional loans
  • $10 million worth of support services including competitive electricity supply arrangements and payroll tax relief • assistance for developing offtakes for hydrogen end-use
  • facilitating land and infrastructure access
  • access to discounted professional services

Work collaboratively with supportive local governments and representative organisations to facilitate renewable hydrogen development.

 

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