As Orica decided to proceed with its hydrogen hub in New South Wales, Mitsubishi signed a purchase deal with Acme for 100,000 tons per year of green methanol from 2030. At the same time, the Danish-South African SAF collaboration hit a roadblock.
Orica has made a final investment decision (FID) to proceed with its 50 MW Hunter Valley Hydrogen Hub in New South Wales, which is set to receive AUD 432 million ($300 million) in government funding. “This hydrogen will replace gas feedstock in the production of ammonia at Orica’s Kooragang Island facility, reducing emissions from one of Australia’s most intensive industrial processes while helping to establish a domestic market for renewable hydrogen,” stated Arena, the independent agency of the Australian federal government. Under the Hydrogen Headstart program, projects seeking to produce renewable hydrogen, or derivatives, apply for a production credit delivered over ten years to bridge the commercial gap between the cost of producing renewable hydrogen and market prices.
Japan’s Mitsubishi Gas Chemical (MGC) entered into a purchase and sale agreement with India’s Acme Group. “Starting from the commencement of commercial operation, scheduled for 2030, MGC will offtake approximately 100,000 tons per year of green methanol, becoming a key offtaker for the project,” wrote Mitsubishi, underlining Acme’s focus on green methanol, especially in its facility “under advancement” in Odisha, India. “This Agreement will contribute to the stable supply of low carbon energy and materials primarily in Japan and the broader Asian region, while supporting the creation and expansion of green markets,” added MGC.
