Venture Taranaki has welcomed the announcement of a joint venture that will see a $50 million green hydrogen development in South Taranaki.

The partnership between Ballance Agri-Nutrients and Hiringa Energy will see four wind turbines added to the landscape at Kapuni, generating green – or zero-emissions – hydrogen for use in the industrial production of ammonia urea and hydrogen for supply to the heavy transport sector.
“This project is fantastic news for South Taranaki, the regional economy, and New Zealand as we look to transition to a low-emissions future,” says Venture Taranaki Chief Executive Justine Gilliland.

“The initiative will help launch the hydrogen industry in Taranaki, importantly supplying not just industrial applications but also the heavy transport sector. The production of green urea will benefit New Zealand’s food production sector.”

 “In 1959 New Zealand’s modern hydrocarbon industry began with the discovery of the Kapuni reserve. It is fitting that now, sixty years later, Kapuni is leading New Zealand into the development of a new-energy industry.”

The project was highlighted in the H2 Taranaki Roadmap, a plan to leverage Taranaki’s oil and gas infrastructure and expertise to foster the development of a hydrogen industry in the region. The Roadmap was launched by Prime Minister Jacinda Ardern in March 2019.

“The H2 Taranaki Roadmap identified the significant strong opportunity for hydrogen to play a key role in New Zealand’s transition to the low-emissions economy of the future,” Justine says.

“Hydrogen has been produced from natural gas for years. This project will see that process move to utilise green hydrogen, and in doing so open many more opportunities for hydrogen supply in Taranaki and beyond.”