About this episode
The Clean Deal Monitor is a joint project between Cyan Ventures and Mission Possible Partnership. It tracks commercial-scale clean industry projects in Australia across green iron and steel, hydrogen and ammonia, and low-carbon liquid fuels. It is built from regular interviews and surveys with the projects, and the results are shared with government and industry in aggregate.
MPP’s tracker counts about 70 projects in Australia, and about 44 are under active development. Kumbi and James explain where the pipeline is moving, where it is slow, and what developers told them is holding them back. The second half of the episode looks at why demand for green commodities needs policy support, the gap in development capital, and the first-of-a-kind risks that make construction capital hard to raise.
About the guests
Kumbi Gutsa was a Senior Manager at Cyan Ventures, working in the industrial decarbonisation team across low-carbon fuels, green metals and green ammonia. Kumbi led the financing analysis for the Clean Deal Monitor.
James Boyle is Australia Country Lead at Mission Possible Partnership, a global coalition working to decarbonise heavy industry, including steel, shipping, aviation and chemicals. James works with the Australian project pipeline and across markets in Asia Pacific, and leads the pipeline data and developer consultation for the Clean Deal Monitor. James joined MPP from consulting, working with clean industry projects in Australia.
”You might expect it to be infrastructure, you might expect it to be supply chains, you might expect it to be approvals. No one thinks it's those things primarily. Offtake and financing are the two biggest challenges that we consistently hear.
James Boyle
We cover
- What the Clean Deal Monitor is and who uses it
- How it links to MPP’s Global Project Tracker
- Where Australia’s pipeline stands now
- Why Orica’s FID is not a guide to the rest of the pipeline
- Where the momentum is, and where it is slow
- What developers say: offtake first, financing second
- Why demand for green commodities needs policy support
- The missing middle, and first-of-a-kind risk in construction capital
- What the pipeline could look like in five years
