Iberdrola Australia and ABEL Energy Join Forces to Create World’s Largest Green Hydrogen and Methanol Production Facility in Tasmania
Iberdrola Australia and hydrogen developer ABEL Energy have announced a partnership to create the Bell Bay Powerfuels Project, one of the world’s largest green hydrogen and methanol production facilities. Located in northern Tasmania, the facility will produce 200,000 tonnes of green methanol per year in its first stage, with plans to increase capacity to 300,000 tonnes per year in Stage Two. The total estimated capital requirement for the project is A$1.7bn (US$1.14bn).The technology needed to design and build this project is being sourced from around the globe. It is expected that when operations begin in 2026, 50 local employees will be employed directly and an additional 150 indirect jobs will be created. During construction, 500 people are expected to be employed.CEO and Managing Director of Iberdrola Australia Ross Rolfe said: “We are committed to helping Australian enterprises reduce their carbon emissions by investing in projects like this one which have traditionally been difficult to abate technically and economically. He added: We were drawn to this project because of its integrated nature – combining renewable energy investments with green hydrogen capacity investment – and its collaborative approach which creates shared value for Tasmanian stakeholders over time. ABEL Energy Co-founder & CEO Michael van Baarle expressed his delight at having Iberdrola’s support as a financial partner due to their extensive experience in constructing and operating large-scale renewable energy projects worldwide. He said: “Together we can use Tasmania’s excellent hydro and wind resources to produce hydrogen via electrolysis of water, then use that hydrogen to make green methanol for maritime fuel markets or other applications.
Summary
- Iberdrola Australia and hydrogen developer ABEL Energy will work together to deliver a green hydrogen and green methanol production facility at Bell Bay, in northern Tasmania.
- The scale of the Bell Bay Powerfuels Project, at 200,000 tonnes per year of green methanol for Stage One, will make it one of the largest such projects in the world. Stage Two will increase capacity to 300,000 tonnes per year.
- The total estimated capital requirement for the methanol and renewable energy project is in the order of A$1.7bn (US$1.14bn).
The total estimated capital requirement for the Bell Bay Powerfuels Project is in the order of A$1.7bn (US$1.14bn).You might also like this article: This is the title of test post. Picture source: Ronnie George