New Zealand Hydrogen Project Whittles Developer Shortlist to Woodside, Fortescue
June 21 2022 - 3:27PM
Dow Jones News
By Stephen Wright
WELLINGTON, New Zealand--Potential developers of a hydrogen
production and export facility in New Zealand have been whittled
down to Woodside Energy Ltd. and the renewable energy arm of miner
Fortescue Metals Group Ltd., the project's partners said.
Southern Green Hydro, a venture between New Zealand power
companies Contact Energy Ltd. and Meridian Energy Ltd., said in a
June 20 statement that a lead developer will be selected after
Fortescue and Woodside provide more detailed proposals by the end
of August.
Hydrogen produced from renewable energy has been promoted as a
possible alternative to fossil fuels, but is still expensive to
produce. The New Zealand project would be located in the Southland
region close to the country's largest hydro power station,
Manapouri, which is owned by Meridian.
Woodside and Fortescue Future Industries were among four
companies including Mitsui & Co. and Linde that were
shortlisted as possible developers earlier this year.
Write to Stephen Wright at stephen.wright@wsj.com
(END) Dow Jones Newswires
June 21, 2022 15:12 ET (19:12 GMT)
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