Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ seeks to develop large-scale liquid hydrogen exports

Media Release
For Immediate Use
28 November 2019

NZ seeks to use its renewable energy resources to develop large-scale liquid hydrogen exports

As New Zealand looks to decarbonise its total energy system, plans are already afoot to export New Zealand’s abundant renewable energy via large-scale liquid hydrogen.

This week private sector consortia from New Zealand and Korea, supported by their respective governments, signed a letter of intent (LOI) to investigate the feasibility and core technology required to develop a liquid hydrogen supply chain for green hydrogen to be produced and liquefied by renewable electricity in New Zealand and imported into Korea for distribution to consumers.

The signing ceremony took place at the New Zealand Ambassador’s Residence in Seoul, with New Zealand’s Minister of Trade and Export Growth Hon. David Parker representing the New Zealand Government, and Dr Linda Wright, CEO of the New Zealand Hydrogen Association representing the New Zealand private sector consortium members. Also present were Korean National Assembly respresentatives and government officials, key private sector industry representatives, the head of the South Korean SEA LH2 Consortium, Professor Daejun Change, as well as H2Korea Chairman Moon Jae-do.

Dr Linda Wright says, “while the opportunity for New Zealand to export green hydrogen from its abundant renewable energy resources is in its infancy, the signing of this LOI by private sector companies and supported by the respective governments, clearly indicates the potential for New Zealand to become a major exporter of green renewable energy in our Asia-Pacific region.” “Countries like Korea will struggle to decarbonise their energy systems with their own renewable energy resources and will need to import green hydrogen to power their energy intensive manufacturing based economies. New Zealand has been a major exporter of food resources for a very long time, but it took the invention of refrigeration for agriculture to really create the wealth we enjoy as a country today.

“Liquid hydrogen is the refrigerated equivalent for green energy. If we can effectively harness the renewable electricity generated from our abundant wind, geothermal, solar and hydro resources and store it for transportation, then we can add large scale green hydrogen to our export portfolio.

Linda Wright says the export of green hydrogen can play a big role in reducing total global greenhouse gas emissions, while at the same time, the development of a hydrogen economy in New Zealand will advance our own transition to zero emissions through the decarbonisation of our heavy vehicle transport fleet and industrial process heat, which are both heavily reliant on imported fossil fuels.

The LOI was formally signed by both Minister of Energy and Resources Hon Dr Megan Woods on behalf of the New Zealand Government, and Professor Daejun Chang, head of the South Korean SEA LH2 Consortium, as well as private sector members of the New Zealand consortia.

“Once the evaluation of the technical and economic feasibility has been completed, it is hoped that the initiative will lead to a more detailed project involving the engineering and concept design of key facilities and rigorous economic analysis,” Wright says.

The New Zealand consortium includes Contact Energy, K One W One, Refining New Zealand and the New Zealand Government, while the Korean consortium represented by LATTICE Technology, comprises six commercial Korean companies including KOGAS-Tech, KOMAC and KOMIPO.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>