Pursuing lower-carbon energy sources
At Woodside, we are investing in the new energy products and lower carbon services our customers need as they decarbonise. Learn about our strategy today.
Woodside's 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 Individual investment decisions are subject to Woodside’s investment targets. Not guidance. Potentially includes both organic and inorganic investment.
Lower Carbon Services
Woodside’s objective is to thrive in this energy transition as a low cost, lower carbon energy provider. Carbon capture and storage (CCS), carbon capture and utilisation (CCU) and Offsets have key roles to play.
Woodside has a dedicated carbon business tasked with developing a sustainable offsets portfolio in support of our climate goals. We are also investing in the new energy products and lower carbon services our customers need as they decarbonise. This includes progressing opportunities such as carbon capture and storage, and carbon capture and utilisation.
Read more about our approach to carbon management here.
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 include:
- 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 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
We are progressing a range of ammonia and hydrogen 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 energy 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.
- Southern Green Hydrogen, a proposed renewable ammonia production facility to be located in Southland, New Zealand targeting up to 500,000 tonnes of ammonia per year.
Read more about our hydrogen and ammonia activities here.
Woodside's Solar Projects
Woodside's new energy technology focus is on hydrogen production, renewables and carbon management. We have a collaboration with Heliogen, Inc. 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.
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.