Asia/Pacific News
Australia Advances Methanol Projects Under Hydrogen Headstart
Australia has advanced a string of renewable methanol projects under the latest round of its Hydrogen Headstart program, as the country seeks to scale its renewable hydrogen industry.
Government agency ARENA this week shortlisted seven projects under round 2 of the program, with five linked to methanol production, the agency announced on its on Wednesday.
The selected projects include developments from Bell Bay Powerfuels, European Energy Australia, HAMR Energy and HIF Asia Pacific.
The Hydrogen Headstart program was launched by the Australian government to support large-scale renewable hydrogen projects through long-term production revenue support, helping developers bridge the gap between production costs and market prices.
Several of the shortlisted projects are aimed at producing renewable methanol for shipping and other low-emission fuel applications.
“Its potential to develop low-emission fuels for aviation and shipping, as well as key inputs for fertiliser, could also help improve the nation’s energy resilience in the longer term,” Darren Miller, CEO of ARENA, said.
A DNV report published this week also suggested Australia could emerge as a key supplier of hydrogen and ammonia to countries including Singapore, Japan and South Korea.
Shortlisted applicants now have until September to submit full applications for the next assessment stage.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
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| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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