Proponent for Tasmanian Green Hydrogen Hub Project has been announced
Tasmania is a step closer to making its vision of becoming a global leader in green hydrogen production a reality with the appointment of a provisional proponent for the Tasmanian Green Hydrogen Hub.
Following a successful Expressions of Interest (EOI) process, Bell Bay Powerfuels has been named as project partner to deliver a green methanol development in Bell Bay.
“The recent EOI process seeking project partners received five high-quality submissions, signalling a strong level of industry interest and confidence in establishing a hydrogen industry in Tasmania.
“Tasmania, as Australia’s leading renewable energy state, has significant competitive advantages to offer industry and the world.
“That’s why the 2025-26 Budget has $64.8 million over the next four years, to progress strategic renewable energy projects and build a better Tasmania: now, and for the future.
“We’re bringing on new generation and delivering our Tasmanian Renewable Energy Target with our $14.4 million Renewable Energy Approvals Pathway, progressing clean fuels through the Tasmanian Green Hydrogen Hub and preparing to capitalise on future industries with the Renewable Energy Services Hub.
“We are demonstrating our commitment to progress Project Marinus by provisioning $300 million equity contingent that will be required should Marinus achieve a positive Final Investment Decision by all three governments by August 2025.
“The Hydrogen Hub, along with our ambitious energy agenda will attract investment and drive regional economic development, support the state’s transition to a low-emission economy and further strengthen our reputation as a renewable energy leader, which is what our 2030 Strong Plan for Tasmania’s Future is all about,” Minister for Energy and Renewables Nick Duigan said.
Project map (source: Renewables, Climate and Future Industries Tasmania)
The Tasmanian Green Hydrogen Hub Project at Bell Bay has the potential to produce 45,000 tonnes of renewable hydrogen annually – enough to fuel more than 2,200 heavy vehicles for a year.
This development is estimated to create approximately 740 direct and indirect jobs, including energy specialists such as engineers and technicians. Project construction is also expected to provide work for local skilled trades like concreters, metalworkers, fitters and electricians.
The Tasmanian Green Hydrogen Hub Project will help drive a new hydrogen industry in the State, making it a central location for green hydrogen production. The Hub is also set to become home to businesses and organisations that will use this hydrogen as their main source of energy.
The first stage of development will involve the delivery of a hydrogen production plant with a capacity of 300MW, with the facility to be located within the Bell Bay Advanced Manufacturing Zone.
Ultimately, green hydrogen produced on site will be used to transition advanced manufacturing, heavy transport and energy intensive industries to renewable energy while also opening opportunities for export.
Source: Premier of Tasmania – Latest News; Renewables, Climate and Future Industries Tasmania
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