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Issue 24/2021 - Woodside to invest $5 billion in the new energy market

 Last Update: 2022-11-12
 Source: Internet
 Author: User

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Woodside will invest $5 billion in the new energy market

According to Dow Jones Sydney, Woodside said it plans to invest $5 billion
in the energy market in the new energy sector by 2030.
Prior to this, the company had already conducted initial transactions
in Australia and the United States focused on the development of hydrogen fuel.

LNG will play a key
role in the Asia-Pacific region in the coming decades as energy consumers reduce coal consumption and seek intermittent generation from renewable sources, the company said.

In addition, Woodside is in the process of merging
with BHP Billiton's oil and gas business.
The company plans to build facilities
near Kwinana, Western Australia, as well as in northern Tasmania, that can produce hydrogen and ammonia.

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