The Australian Parliament this week passed the Offshore Petroleum and Greenhouse Gas Storage (OPGGS) Amendment Bills amending the OPGGS Act 2006, which could pave the way for a new hydrogen industry in Australia.
The Amendment Bills were now awaiting royal assent.
“As Australia emerges from the Covid-19 pandemic and begins the process of economic recovery, it’s even more crucial that we ensure that our regulatory approvals support, not hinder, major projects. These amendment achieve that,” Minister for Resources, Water and Northern Australia Keith Pitt said.
“The abundant brown coal resources of the Latrobe Valley are ideal feedstock for one of the world’s first hydrogen export industries based on coal, generating new jobs and business opportunities in a regional area that has been suffering with the closure of the Hazelwood power station.