Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve an investment of €1.1 billion.
The Bell Bay Powerfuels Project will incorporate one of the largest electrolyzer units—more than100MW—to be installed in Australia by 2025. Green hydrogen from the plant will be available for domestic customers. Hydrogen will also be reacted onsite with biogenic carbon to produce green methanol, circa 200,000 tonnes per year in the first phase of development, rising to 300,000 tonnes in its second phase. First production is scheduled for 2025.
The methanol will be targeted for export and domestic use, especially for ships, heavy-duty engines and fuel cells. A…