NSW Government releases comprehensive Power-to-X Industry Feasibility Study
Produced in collaboration with the Powerfuels including Hydrogen Network (PFH2N), the study represents a significant leap forward in harnessing renewable energy and sustainable materials for the production of power fuels and clean chemicals.
The NSW Government is taking a pioneering role in renewable energy development, unveiling the Power-to-X (P2X) Industry Feasibility Study.
Power-to-X, often abbreviated as P2X, is an umbrella term that encompasses a variety of processes and technologies designed to convert renewable energy sources and sustainable materials into valuable products. These products include green hydrogen, ammonia, and synthetic hydrocarbons like methane, methanol, and aviation fuels.
The newly released P2X Industry Feasibility Study serves as a vital roadmap for establishing a thriving P2X industry in NSW, with the potential to catapult the state into a global leader in renewable energy.
The Hon Penny Sharpe MLC, Minister for Climate Change, Energy, Environment, and Heritage launched the study during her speech at the Asia-Pacific Hydrogen Summit 2023 in Sydney on October 26, 2023.
Commissioned by the Office of the NSW Chief Scientist & Engineer (OCSE) as part of the broader NSW P2X Initiative, the study was led by Scientia Professor Rose Amal and her team from Powerfuels including Hydrogen Network (PFH2N) at UNSW Sydney, working closely with OCSE, university partners, and industry stakeholders.
PFH2N, as an innovation network operating under the NSW Government's $15 million Decarbonisation Innovation Hub, plays a central role in facilitating collaboration between industry, research, and government. According to Professor Rose Amal, the lead of PFH2N, this study acts as a vital knowledge-sharing platform, fostering partnerships and accelerating the advancement and implementation of P2X technology in NSW.
"P2X technologies hold the key to creating new job opportunities and fostering the growth of clean, green industries. With our State's formidable research and development capabilities, we are well-positioned to be an international pioneer in P2X technologies," NSW Chief Scientist & Engineer Professor Durrant-Whyte said.
To further promote collaboration, an online, open-source modeling tool has been developed, offering access to research and modeling data. The NSW Powerfuel Value Chain Tool is designed for use by all stakeholders interested in exploring P2X opportunities in NSW.
Dr. Rahman Daiyan, deputy lead of the PFH2N and lead developer of the NSW Powerfuel Value Chain Tool, said the tool gives NSW industry and investors first-hand information on their P2X projects.
"We made the tool user-friendly for industry and investors. Everyone can do their own feasibility analysis to assess if their proposals are economically viable at various locations for different chemicals," Dr. Rahman says.