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Orica takes FID on 50-MW hydrogen hub backed by ARENA aid
Australian explosives and chemicals company Orica (ASX:ORI) has taken a final investment decision (FID) on its 50-MW Hunter Valley Hydrogen Hub in New South Wales, allowing the project to move ahead with up to AUD 432 million (USD 97.5m/EUR 260.9m) in previously awarded support from the Australian Renewable Energy Agency (ARENA).
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afr.com
Orica bucks trend with $400m green hydrogen go-ahead
The renewables-based hydrogen project in NSW is backed by more than $500 million of government funding for upfront capex and to offset higher production costs.
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reneweconomy.com.au
Green hydrogen hopes lift as "headstart" project reaches crucial financial milestone
Just two projects were funded under Hydrogen Headstart and one has just reached FID, with work to start imminently.
