Following its announcement of Australia's largest hydrogen strategy, the NSW Government released a new report outlining a roadmap to build a thriving Power-to-X (P2X) industry which put the state to be the global renewable energy superpower.
P2X technologies use cheap, excess renewable energy to split abundant molecules such as water, carbon dioxide and air to make green products like hydrogen, ammonia, methane and methanol for use as fuel, chemicals and feedstocks in NSW and for export to overseas markets as green energy commodities.
The NSW Power-to-X (P2X) Industry Pre-Feasibility Study Report was released jointly by Treasure and Minister for Energy and Environment Matt Kean and Minister for Jobs, Investment, Tourism and Wester Sydney and Minister for Trade and Industry Stuart Ayres. The study led by UNSW Sydney identify opportunities to establish P2X industries in several regional centres including the Illawara, Hunter and Parkes.
NSW Chief Scientist & Engineer Professor Hugh Durrant-Whyte said P2X will unlock the next wave of clean technology development opportunities for NSW.
“With many states in Australia and countries around the world now joining the hydrogen race, NSW is thinking beyond the hydrogen economy and aims to take the first-mover advantage to build our capabilities and industries in P2X,” Professor Durrant-Whyte said.
The NSW P2X Industry Pre-Feasibility Study roadmap proposes:
A P2X Innovation Network to enhance collaboration between industry, researchers and government in technology advancement and industry development
Establishing a P2X R&D Commercialisation Hub to provide research infrastructure, expertise, and resources to support commercialisation-driven R&D
Deploying early stage P2X projects to pave the way for technology adoption at commercial scale
Identifying export opportunities for P2X products
Targeted investment in homegrown disruptive technologies
Building vertically integrated P2X value chains and local manufacturing capability
Developing P2X eco-industrial precincts to lay the foundation for NSW’s P2X economy.
To read the full study report: https://www.chiefscientist.nsw.gov.au/__data/assets/pdf_file/0006/405996/NSW-P2X-Industry-Pre-Feasibility-Study.pdf