VTT has welcomed PGF support for a green hydrogen development in Taranaki

The announcement of almost $20 million in Government funding to support the establishment of world-leading green hydrogen production in South Taranaki is a major boost for the region’s transition to a low-carbon economy, says Venture Taranaki Chief Executive Justine Gilliland.

The announcement, made today by Deputy Prime Minister Rt Hon Winston Peters, will see the Provincial Growth Fund contribute $19.9 million to the Green Hydrogen project at Kapuni, a partnership between Ballance Agri-Nutrients and Hiringa Energy.

“Leveraging natural resources – in this case wind energy – to meet the energy needs not only of the Ballance ammonia-urea plant but also the associated transport fleet, is another strong signal that Taranaki is standing up to lead New Zealand into a low-emissions future,” Justine said.

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

“In 1959 New Zealand’s modern hydrocarbon industry was launched with the discovery of the Kapuni reserves. Now, sixty years later, it is fitting that Kapuni is leading New Zealand into the development of a new-energy industry.”

The project was highlighted in the H2 Taranaki Roadmap, the plan to leverage Taranaki’s energy infrastructure and expertise to foster the development of a hydrogen industry for the region, and New Zealand. The Roadmap was developed by Venture Taranaki and other local partners and launched by Prime Minister Jacinda Ardern in March 2019.

“The H2 Taranaki Roadmap identified the significant potential that hydrogen offers as part of New Zealand’s transition to the low-emissions economy of the future, and these kinds of opportunities will also be a focus of the National New Energy Development Centre upon its establishment in Taranaki later this year,” Justine said.

“This project is fantastic news for South Taranaki, the regional economy, and New Zealand as we look to transition to a low-emissions future.”