As Australia and global markets aim at a transition to Net Zero by 2050, the country’s energy export industry is undergoing a significant period of transformation. Market development opportunities exist for increased use of LNG as a transport fuel or diesel replacement both domestically (mining sector) and internationally (shipping). These same markets could also be serviced by hydrogen fuel if appropriate cost-effective storage technologies can be demonstrated.
The CRC’s Market and Sector Development research program aims to support this process and secure Australia’s future as a leading global energy exporter through expert-led and collaborative research. It works to increase the resilience of Australia’s current LNG industry and deliver market-readiness for a future hydrogen export industry by focussing on the factors that drive market growth as well as the barriers that can stifle the development of supply chains and inhibit technology adoption.
Best-practice hydrogen custody transfer standards and reporting networks must also be developed to satisfy the demand for verifiable green hydrogen. Policy frameworks for value chain market formation must be developed systematically, with appropriate emphasis on the business capabilities that allow new technologies to be adopted and distributed through the sector.
It is essential that both the LNG and hydrogen export industries establish, maintain and nurture the appropriate social licenses. To incorporate lessons learned and replicate the benefits of LNG exports on Australia’s domestic energy sector, a critical evaluation of the similarities and differences applicable to hydrogen is essential.
The Market and Sector Development research program is cross-cutting and has been designed to help Australia capitalise on opportunities that will stimulate energy export market growth, while also addressing challenges that may impact the development of a viable industry, market, and supply chain.
The findings from this research will support governments, organisations and industries that plan to use CCS to support emissions reductions programs and will contribute to Australia’s pathway to Net Zero by 2050.
Equipping directors with deeper knowledge and best practice approaches to lead and implement strategies across corporate Australia to achieve Net Zero by 2050.
Examining how the adoption of different, prospective clean marine fuels will perform technically, economically and environmentally when deployed i) from today to the mid-2030s in both new and retrofitted ships and ii) from the mid-2030s to the 2050s in new ships.
An analysis of hydrogen industry narratives in Australia’s news and social media.
A highly detailed analysis of five distinct pathways to net-zero emissions by 2050, including the costs and benefits of each scenario.
Analysing a sample of the current energy sector workforce and providing a snapshot of digital skills proficiency levels and current skills gaps.
