The Australian government has announced a A$40-million investment to establish the Future Energy Exports (FEnEx) cooperative research center (CRC) and a further A$29.5-million for the CRC for Transformations in Mining Economies (CRC TiME).
Minister for Industry, Science and Technology Karen Andrews said the FEnEx CRC would help Australia maintain its position as a leading global energy exporter, while the CRC TiME would help keep jobs in regional communities, building on the strength of the resources and energy sectors.
“The world’s demand for energy is insatiable and Australia is already dominant, with current energy exports worth nearly A$90-billion,” Andrews said.
“The FEnEx CRC will further strengthen our export industry by developing technologies to improve the efficiency of existing liquefied natural gas (LNG) processes and the development of new exports like hydrogen.
“Importantly, the FEnEx CRC will tap into international interest in lowering the cost of energy production, while at the same time reducing the carbon footprint of the LNG industry.”