The Albanese and Malinauskas Governments have inked a $100 million agreement to transform Port Bonython into South Australia's inaugural large-scale hydrogen export terminal.

In a move designed to bolster regional employment prospects and bring Australia closer to its green energy ambitions, the rejuvenated Port Bonython aims to host projects valued at $13 billion and is projected to yield up to 1.8 million tonnes of hydrogen by 2030. 

With abundant land, bountiful solar and wind resources, South Australia is poised to emerge as a premier, cost-effective hydrogen supplier, underpinned by its pioneering Hydrogen Jobs Plan, featuring the development of a hydrogen electrolyser, power station, and storage facility.

Simultaneously, the Australian Government, via the Net Zero Economy Agency and the National Hydrogen Strategy review, will explore avenues to facilitate hydrogen supply chains, envisioning a clean, competitive hydrogen sector. 

There is now over half a billion dollars earmarked for regional Hydrogen Hubs across various locales, including Pilbara, Kwinana, Gladstone, Townsville, the Hunter, Bell Bay, and Upper Spencer Gulf.

The recent allocation of $2 billion in the Commonwealth Budget for the Hydrogen Headstart program underscores Australia's ambition to lead the global green hydrogen charge amid escalating competition for clean energy investments worldwide.

By 2050, Australia's hydrogen industry is forecasted to bolster GDP by $50 billion and create over 16,000 jobs in regional Australia, with an additional 13,000 employment opportunities stemming from renewable energy infrastructure construction to power hydrogen production.