“South Australia opens trade office in Germany to boost green hydrogen plans”

Prime Minister Peter Malinauskas made the announcement in Berlin as part of a business mission focusing in particular on South Australia’s world-leading green hydrogen plans.

The office is located in Frankfurt. This makes South Australia the fourth federal state to have a presence in Germany, after New South Wales, Victoria and Queensland.

Germany is South Australia’s eighth largest trading partner with a bilateral trade volume of US$622 million. Currently, 67 German companies have a physical presence in South Australia – only the US and UK have more.

Most importantly, Germany is facing an energy crisis caused by the Russian invasion of Ukraine and is aggressively pursuing the development of green hydrogen energy as an alternative energy source.

Germany is the biggest player in Europe when it comes to green hydrogen, with strong investment potential related to the hydrogen jobs scheme in South Australia.

The budgeted annual cost is $250,000. The German office will join other South Australian trade offices in the UK, United States, China, India, Japan, South Korea, Singapore, Malaysia and the United Arab Emirates.

The state government will now begin in-office recruitment to begin as soon as possible.

quotes

Attributed to Peter Malinouskas

Germany is the largest economy in Europe with a GDP in excess of $4 trillion, so it makes sense that South Australia would have a permanent presence here.

As the world reopens post-COVID, it is vital for South Australia to have a strong presence in key economies around the world.

The South Australian Trade Office in London has helped drive significant investment in our state – and this new office will help build stronger relationships across the European continent.

Credited to Nick Hero

With the advent of Brexit, it is important for South Australia to have a presence in both the EU and the UK.

Australia’s largest state is in Germany and it is important that South Australia competes in the same arena to give our state the best possible chance of attracting investment.