Announcement date
25 November 2024
Link to announcement
Production tax incentives to help build a Future Made in Australia
Problem being addressed
There are several hard-to-abate industrial sectors that require new energy sources to be decarbonised. These include ammonia and methanol production, steelmaking and the heavy transport sector. Renewable hydrogen can be a low-emissions substitute for hydrogen that is produced through emissions-intensive methods and has potential to replace natural gas in steelmaking.