Funding pushes $400m new Electrolysis Plant in Hobart TAS to be built

Monica Gameng   |   October 28, 2022
Existing Hobart zinc smelter (cr: Nyrstar)

The Australian Government is supporting the development of a $400 million Electrolysis Plant in Hobart, Tasmania with a $50 million funding commitment through the 2022-23 Federal Budget. 

The State Government previously committed $20 million towards the Nyrstar Hobart zinc smelter and the confirmation of investment from the Federal Government will push the project to proceed with construction. 

“Today’s announcement by the Federal Government demonstrates again the value of what we do in Australia and the importance of this new Electrolysis Plant to our sector and Tasmania. 

“This ensures that the next generation of employees and businesses in Tasmania will continue to play an important role in the manufacturing of zinc, a mineral critical for the transition to a low carbon world,” Nyrstar Australia Vice President Dale Webb said. 

The new Electrolysis Plant is anticipated to generate about 600 jobs at the facility and support up to 5,000 indirect jobs in Hobart as well as through Nyrstar’s interlinked operations in Port Pirie, South Australia. 

Construction of the new facility is expected to take about 28 months to complete and will see up to 200 people employed during the peak construction period. 

“A new Electrolysis Plant will also address safety and environmental issues as well as improve production capacity – meaning more zinc can be produced for less power, resulting in increased production and energy efficiency. 

“Nyrstar is already an important part of our booming exports sector that has continually experienced record highs over the past 18 months,” Minister for State Development, Construction and Housing Guy Barnett said. 

Nyrstar has been in operation in Tasmania for more than 100 years and it has become an important business in the State. 

The company’s Hobart smelter is known as one of the world’s largest zinc smelters in terms of production volume, which focuses on high value-added products for export to global markets – primarily in Asia. 

The existing Nyrstar Hobart facility is located on the western bank of the Derwent River Estuary. 

Source: Nyrstar (1, 2); Premier of Tasmania – News; Australian Mining 

New call-to-action

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

$400m The Star Gold Coast Tower 2 to create 1800 construction jobs

The first sod has been officially turned to signal the beginning of construction on The Star Entertainment Group's $400 million Tower 2 development on the Gold Coast. 

Projects
Contracts awarded to deliver $400m NSW major freight rail upgrades

The Australian Rail Track Corporation (ARTC) has marked a new milestone on the $400 million Port Botany Rail Line Duplication and Cabramatta Loop Project with the awarding of two major contracts. 

Projects
Local jobs to be supported through $400m Electrolysis Plant in TAS

Nyrstar Australia has announced that it has secured bipartisan support for the development of its new Electrolysis Plant at the company’s zinc operations in Hobart, Tasmania. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders