Pursuing lower-carbon energy sources
Our new energy strategy
At Woodside, we are investing in the new energy products and the lower-carbon services our customers need as they decarbonise. We are progressing opportunities for producing products such as hydrogen and ammonia. We have targeted $5 billion investment 1 in new energy products and lower-carbon services by 2030.
1 Investment target assumes completion of the proposed merger with BHP’s petroleum business. Individual investment decisions are subject to Woodside’s investment hurdles. Not guidance.
A key component of Woodside’s strategy to invest in new energy products and lower-carbon services is to work with potential customers to develop demand for new sources of energy. Customer collaboration highlights in 2021 include:
- A new export project consortium with Japan’s IHI Corporation and Marubeni Corporation in connection with H2TAS
- A joint feasibility study to establish a clean fuel ammonia supply chain from Australia to Japan with Japan Oil, Gas and Metals National Corporation, Marubeni Corporation, Hokuriku Electric Power Company and The Kansai Electric Power Co., Inc.
- Forming the HyStation company alongside five other parties in September 2021 to drive hydrogen bus adoption in the Republic of Korea
- Agreeing a memorandum of understanding (MOU) with Hyzon Motor Company to explore collaboration opportunities in the US and Australia
- Agreeing a MOU with Keppel Data Centres, City Energy, Osaka Gas Singapore and City-OG Gas Energy Services to study the feasibility of a liquid hydrogen supply chain to Singapore and potentially Japan from Woodside’s proposed H2Perth project.
Hydrogen and Ammonia
In 2021, we made significant progress by securing land for three proposed projects:
- H2Perth, a world-scale liquid hydrogen and ammonia production facility to be located on 130 hectares of industrial land in southern metropolitan Perth
- H2TAS, a 100% renewable ammonia project to be located in Tasmania’s Bell Bay region, allowing expansion of the previous concept to export scale while also providing local supply
- H2OK, a 290 MW liquid hydrogen project in the Westport Industrial Park, Ardmore, Oklahoma. Front-end engineering design has commenced.
Read more about our hydrogen and ammonia activities here.
Our new energy technology focus is on hydrogen production, renewables and carbon management. In October 2021 we announced a collaboration with Heliogen, Inc. including a proposed commercial-scale pilot facility in California. In March 2022, Heliogen and Woodside entered into a project agreement to deploy a 5 MWe module of Heliogen’s AI-enabled concentrated solar energy technology in California and jointly market Heliogen’s renewable energy technology in Australia. Heliogen is a leading provider of artificial intelligence enabled concentrated solar technology.
Woodside is also progressing the Woodside Solar Project, a proposed solar facility that could supply 100 MW of solar energy to Pluto LNG and other customers located near Karratha in Western Australia, with potential expansion to a maximum of 500 MW. Read more about our solar activities here.