A new report into the demand for hydrogen energy in Japan is expected to give Queensland businesses valuable insights when chasing international opportunities.

Opportunities for Queensland business in Japan’s hydrogen economy is the latest Queensland Government international market report aimed at uncovering global opportunities and helping Queensland businesses explore prospects in new markets.

The report has been published by Trade and Investment Queensland, the Queensland Government’s global business agency.

Trade and Investment Queensland Acting Chief Executive Officer Richard Watson said the 24-page report was compiled with input from the Queensland University of Technology’s Institute for Future Environments.

“Japan is a market of particular interest in this sector, with Japanese industry and government committed to making Japan the world’s first hydrogen-based society,” Mr Watson said.

“This report allows Queensland businesses to have accurate information when assessing and considering new hydrogen opportunities and ventures in Japan.

“Queensland has an exceptional opportunity to be a leader in the transition to global hydrogen-powered economies.”

The Japan hydrogen report is one of a series of international market reports being produced by Trade and Investment Queensland under the Advancing Trade and Investment – Queensland Trade and Strategy 2017–2022.

It is also one of a number of Queensland Government initiatives to promote the state’s green hydrogen industry.

The Queensland Hydrogen Industry Strategy 2019–2024, launched in May this year, aims to put Queensland at the forefront of renewable hydrogen production in Australia by 2030.

It is backed by a $15 million industry development fund to support hydrogen innovation and help investors developing hydrogen projects.

Trade and Investment Queensland’s Tokyo office has helped to create a number of hydrogen industry and research partnerships between Japan and Queensland.

Mr Watson said the new report was a must-read for Queensland businesses interested in green hydrogen opportunities.

“Queensland is at the forefront of hydrogen activity in Australia,” he said.

“This report is another piece of the puzzle for Queensland exporters looking to participate in what is a global market for future energy solutions.”

To download the TIQ International Market Report on Japan Hydrogen or find more information on business support available from Trade and Investment Queensland, visit www.tiq.qld.gov.au.

ENDS.

Media Contact:  Greg Sweetnam, Director Corporate Communications, Trade and Investment Queensland 0447 972 744 or greg.sweetnam@tiq.qld.gov.au

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