New Zealand power firms eye green hydrogen opportunity h2-view.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from h2-view.com Daily Mail and Mail on Sunday newspapers.
Tiwai Point aluminium smelter.
Photo: RNZ / Nate McKinnon
The government made a multimillion-dollar offer to the multinational last December to advance the clean-up, but in March pulled the plug on negotiations. In relation to the proposed Crown payment, Rio Tinto indicated that the . payment was too low in quantum, a Treasury email in January this year says.
At the same time, it said the company had rejected a request to provide a financial guarantee over the clean-up.
Earlier, last October, Treasury told Robertson Rio Tinto appeared to be seeking multiple meetings with him and others to circumvent the Treasury-led negotiating team and strategy.
Manapouri The Fulcrum For Future NZ Energy Costs scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Thursday, 22 July 2021, 12:08 pm
Contact Energy and Meridian Energy are seeking
registrations of interest to develop the world’s largest
green hydrogen plant. The plant has the potential to earn
hundreds of millions in export revenue and help decarbonise
economies both here and overseas, according to a new
McKinsey & Co report.
Green hydrogen is regarded
as the most promising energy source to decarbonise sectors
such as heavy transportation and industrial processes that
currently rely on fossil fuels. It is produced by using
renewable electricity to split water into hydrogen and
oxygen.
The McKinsey & Co report was commissioned
by Meridian and Contact, who are investigating the use of
Business Scoop » New Zealand (Aotearoa) Could Be World s First Large-scale Producer Of Green Hydrogen scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.