ABEL Energy Welcomes the $70 Million Hydrogen Boost to Bell Bay
01.18.2024 By Tank Terminals - NEWS

January 18, 2024 [Newswires]- Following a major announcement from Commonwealth and Tasmanian State Governments, an agreement has been finalised to invest $70 million to develop the Bell Bay hydrogen hub in Northern Tasmania, creating regional jobs and advancing Tasmania’s renewable energy leadership.

 

This support from both the Commonwealth and the Tasmanian governments will give confidence to ABEL Energy’s private investment in the state with their bid to become a global industry leader in the production of Green Methanol and reinforce the company’s position as the anchor development for the hydrogen hub with their Bell Bay Powerfuels project.

ABEL Energy’s Director of Commercial Simon Talbot said:
“Bell Bay is an ideal location for a hydrogen hub with its deep-water port and powered by Tasmania’s 100% renewables-based electricity grid. This was a defining reason for ABEL Energy’s decision to invest in northern Tasmania.”

ABEL Energy’s CEO Michael van Baarle said:
“ABEL Energy looks forward to working with the Tasmanian Government to accelerate project development; unlocking over 500 direct and indirect jobs and over $1.7B dollar in project investment.”

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

China's Natural Gas Production Surged in First Half of 2024
07.15.2024 - NEWS
July 15, 2024 [Oilprice]- China’s natural gas production increased by 6% in the first half of t... Read More
Fore Part of Hull Launches in China for ‘World’s Largest FPSO Unit’
07.15.2024 - NEWS
July 15, 2024 [Offshore Energy]- Chinese state-owned engineering company ZPMC has launched the fo... Read More
Stolthaven Terminals and GES to Operate Brazil’s First Green Ammonia Export Terminal
07.15.2024 - NEWS
July 15, 2024 [Storage Terminals Magazine]- Stolthaven Terminals, in collaboration with Global En... Read More
ADCC Pipeline Starts Delivering Gas to Cheniere’s Corpus Christi LNG Plant
07.15.2024 - NEWS
July 15, 2024 [LNG Prime]- The ADCC pipeline has started delivering natural gas to Cheniere’s C... Read More