Decision-makers and business leaders from South Korea’s growing hydrogen industry visited Brisbane recently to attend a roundtable hosted by TIQ.
The high-level delegation discussed Queensland’s hydrogen opportunities with Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick, TIQ CEO Paul Martyn and leaders from Queensland’s hydrogen industry.
Mr Dick said it was valuable to share ideas and strategies with another government committed to developing one of the key fuels of the future.
‘Queensland is at the forefront of hydrogen activity in Australia,’ he said.
‘This includes the release of the Queensland Hydrogen Industry Strategy 2019–2024, and research and industry projects exploring the potential to produce “green hydrogen” from renewable sources.
‘Queensland will continue to work in partnership with industry, universities and research institutes to strengthen our hydrogen commitment, and we see our close trading partners like South Korea playing an important role in that progress.’
A number of countries are exploring ways to make better use of hydrogen as a potentially clean fuel with a wide range of applications.
The Queensland Hydrogen Industry Strategy aims to put Queensland at the forefront of renewable hydrogen production in Australia by 2030, and is backed by a $15 million industry development fund to support innovation and help investors developing hydrogen projects.
South Korea is also taking the initiative on hydrogen, releasing its own Hydrogen Economy Roadmap of Korea in January this year.
The South Korean delegation was in Australia to learn more about hydrogen projects here, led by parliamentary representative Won-Wook Lee.
Mr Lee was joined by senior executives from major Korean corporations such as Hyundai Motors, Doosan Fuel Cell and Hyosung.
The Hydrogen Economy Roadmap of Korea outlines a series of targets to be achieved by 2040, and Representative Lee is presenting an overarching framework to promote hydrogen industries in South Korea.
South Korea is Queensland’s fourth-largest export market, with Queensland’s merchandise exports to that market increasing by 19.9% to be worth $9.5 billion in 2018–2019.
TIQ hosted the Brisbane roundtable, which was held on 16 August.
TIQ staff are also actively supporting Queensland’s engagement with hydrogen opportunities in other markets, including facilitating collaborative hydrogen-research projects with Japan.
Renewables and biofuels are identified as a growing export market in the Queensland Trade and Investment Strategy 2017–2022.