20 May 2021 4:36 GMT Updated 20 May 2021 4:36 GMT in Perth
Australia’s Woodside Petroleum has partnered with Japanese companies IHI Corporation and Marubeni to explore exporting green hydrogen from the Australian state of Tasmania.
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Woodside revealed Thursday it had signed a heads of agreement with IHI and Marubeni to investigate the production and export of green ammonia produced from renewable hydro power in Australia’s southernmost state.
The study will initially focus on increasing the understanding of Japanese and Asian ammonia markets, with Woodside noting technical and commercial evaluations were already underway.
Treasurer Josh Frydenberg: the government has ruled out bringing forward stage three of its income tax cut package.Â
Alex Ellinghausen
Retirees
People who downsize their family home and are rewarded by being able to contribute $300,000 to superannuation ($600,000 for couples) will be able to do so at age 60, down from 65.
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The budget will abolish the work test, which requires those aged between 67 and 74 to be gainfully employed for at least 40 hours over 30 consecutive days during the financial year before concessional or non-concessional superannuation contributions can be made.
Infrastructure
The $100 billion, 10-year infrastructure program will be boosted by another $10 billion, with the extra funding spread across eight road projects, the biggest of which will be $2.03 billion for the upgrade of the Great Western Highway.
$1b green energy deal with SA aims to shore up gas supply
Apr 18, 2021 – 6.07pm
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The Morrison government has signed a $1 billion energy deal with South Australia to help deliver more gas to help support the state’s renewable energy assets and alleviate a potential shortfall on the east coast.
The second bilateral state energy deal – following a $2 billion agreement struck with NSW at the beginning of last year – calls on the Commonwealth to inject $660 million towards new technologies such as hydrogen and carbon capture and storage, as well as a new interconnector between South Australia and NSW.
The Moomba gas fields are going to help alleviate the east coast gas shortage.