Inpex Invests in Australian Renewables for Green Hydrogen Export Hub
Key Ideas
  • Inpex, Japan's largest oil and gas E&P company, is investing $1.25 billion in Australian renewables by 2030 to create a green hydrogen export hub and decarbonize the Ichthys natural gas and LNG project.
  • The Quorn Park Hybrid Project, Inpex's first FID on a renewables project in Australia, will combine 98 MW of solar power generation and a 20 MW/40 MWh battery energy storage system to stabilize the grid and maximize revenue.
  • Inpex aims to reduce greenhouse-gas emissions by utilizing carbon capture and storage (CCS) and electricity from renewables at the Ichthys LNG project, which includes deep offshore gas production, a gas pipeline, and a liquefaction plant.
  • Inpex is also exploring green hydrogen production for potential projects in Japan, with plans to supply e-methane to Tokyo Gas. Additionally, Inpex is involved in the Central Queensland Hydrogen Project (CQ-H2) to export green hydrogen to Japan from around 2031.
Inpex, Japan’s largest oil and gas E&P company, is investing $1.25 billion in Australian renewables by 2030 to establish a green hydrogen export hub and aid the decarbonization of the Ichthys natural gas and LNG project. This move comes as part of Inpex's foray into the renewables sector, which began with the acquisition of 50% of shares in Enel Green Power Australia in September 2023. The investment aims to utilize the Quorn Park Hybrid Project, a solar and battery energy storage system, for grid stabilization and revenue maximization. Inpex intends to leverage renewable energy, carbon capture and storage (CCS), and Inpex's know-how to reduce greenhouse-gas emissions at the Ichthys project. The company is also exploring green hydrogen production for potential projects in Japan, alongside plans to supply e-methane to Tokyo Gas. In addition, Inpex is involved in the Central Queensland Hydrogen Project (CQ-H2) to export green hydrogen to Japan and supply hydrogen to an ammonia production facility. The article also highlights Inpex's geothermal exploration drilling in Japan as part of its transition strategy. The move by Inpex towards green hydrogen and renewables aligns with the global trend towards decarbonization and sustainable energy solutions.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.