The Asia Miner

JAN-MAR 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

Issue link: https://asiaminer.epubxp.com/i/1084649

Contents of this Issue

Navigation

Page 9 of 51

the asia miner • volume 16 • issue 1 8 LEADING DEVELOPMENTS The Commonwealth Scienঞfic and Industrial Research Organisaঞon (CSIRO) and Fortescue Metals Group (Fortescue) will partner on hydrogen technologies to support the development of new industries, create jobs and pave the way for low emissions export opportuniঞes. The centrepiece of the $20m partnership, announced this week at CSIRO's Brisbane laboratories, and includes a five-year agreement to fund and support select CSIRO technologies in the hydrogen space. The first of the agreements will focus on CSIRO's metal membrane technology, which allows ammonia to be used as a carrier material for hydrogen storage and transport, making transportaঞon of hydrogen economically viable and enabling the benefits of the low emission fuel to be realised. CSIRO will work with Fortescue to idenঞfy, develop and commercialise technologies to support the creaঞon of an Australian hydrogen industry and future global uptake. The agreement includes commercialisaঞon arrangements for the membrane technology, with a subsequent five-year investment in hydrogen R&D. CSIRO's Naঞonal Hydrogen Roadmap, released earlier this year, provided a coordinated blueprint for growing Australia's hydrogen industry and found that an economically-sustainable hydrogen industry could soon be a reality. Fortescue Chairman, Andrew Forrest AO, believes that we are at the beginning of an energy revoluঞon. "Fortescue intends to be at the forefront of this once in a generaঞon opportunity," said Mr Forrest. "By combining CSIRO's global leading research and development with Fortescue's capability to rapidly develop new technologies, we will firmly establish our posiঞon in the global hydrogen industry. "Importantly, we see potenঞal for a significant export market in hydrogen and look forward to collaboraঞng with third parঞes to ensure Australia's leadership in the new energy economy," Mr Forrest said. Chief Execuঞve Officer, Ms Elizabeth Gaines commented that the agreement built on Fortescue's previous energy iniঞaঞves, including the conversion of the Solomon Power Staঞon from diesel to gas generaঞon and the development of the Fortescue River Gas Pipeline. CSIRO Chief Execuঞve Dr Larry Marshall highlighted CSIRO's strong history of collaboraঞon with industry, not only by "helping exisঞng industries reinvent themselves through global disrupঞon", but also invenঞng "enঞrely new industries". "Today we're seeing a 'market pull' from companies like Fortescue to reinvent themselves through deep science- driven innovaঞon and follow the global market shi[ towards a low-emissions energy future, and in so doing create a whole new export market for our vast clean energy resources," Dr Marshall said. "This partnership is great news for Australia, not just through new industry creaঞon and the jobs that will flow from it, but in contribuঞng to a different energy future that is secure, affordable, and sustainable." CSIRO will conঞnue its own investment in hydrogen R&D, chiefly through its Hydrogen Energy Systems Future Science Plaorm (FSP), and will work with Fortescue to commercialise technologies that support new energy markets, including in the chemicals and transportaঞon sectors. AU$20M hydrogen partnership to benefit R&D, jobs, exports ©John Nguyen Photography 2016. Source: CSIRO

Articles in this issue

Archives of this issue

view archives of The Asia Miner - JAN-MAR 2019