Chemicals and explosive maker Orica will go it alone on a large-scale green hydrogen project in New South Wales after securing $432 million in backing from the Albanese government.
Energy and Climate Change minister Chris Bowen announced the Hunter Valley Hydrogen Hub as the second successful recipient of production credits under the government’s $4 billion Hydrogen Headstart program on Friday.
It comes just months after Orica’s partner on the project, Origin Energy, exited, citing a lack of demand for renewable hydrogen, and investment risks associated with “input cost and technology advancements to overcome”.
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