The proposed green hydrogen and methanol production facility, known as the Bell Bay Power fuels Project was the subject of a A$1.3 million feasibility study and Knowledge-Sharing Report completed earlier this year by ABEL Energy with a A$555000 hydrogen funding grant from the Tasmanian Government.
The total estimated capital requirement for the methanol and renewable energy project is in the order of A$1.7 billion.
The scale of the Bell Bay Power fuels 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 technology required to design and build the project is being accessed from around the world. It is estimated operations will require 50 local employees upon commencement in 2026 and generate a further 150 indirect local jobs. Construction will employ around 500 people.
