China investment approvals fall afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
EnergyAustralia starts piping hydrogen-gas blend into homes
Reuters
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Australia s biggest hydrogen production site on Wednesday officially started blending green hydrogen with natural gas to supply homes in a first for the country as it looks to switch toward cleaner energy.
The Hyp SA project, run by Australian Gas Infrastructure Group (AGIG), plans to blend about 5% green hydrogen into its gas distribution network going to more than 700 homes in a suburb of Adelaide in South Australia, the state using the highest proportion of renewable energy for power.
AGIG, which is owned by units of Hong Kong-based CK Group, is producing green hydrogen at an Adelaide site using solar and wind energy to power a 1.25 megawatt electrolyser to split water.
Foreign investment uncertainty jumps
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Foreign investment uncertainty for Australia doubled last year as the federal government imposed tough screening restrictions on offshore investors during COVID-19, according to a new âForeign Investment Uncertainty Indexâ.
The index, developed by US Studies Centre economist Stephen Kirchner, is based on a keyword search of major Australian newspapers from 1997 through to the end of 2020.
Treasurer Josh Frydenberg has rejected several China-backed acquisitions.Â
Rhett Wyman
The rise in uncertainty for foreign investors was largely due to the temporary COVID-19 requirement for all foreign direct investments to attain government approval and the introduction of a permanent tougher national security test, tacitly targeting China-related investments.
Future proofing: Australia s gas networks look to go green with hydrogen reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.