The Tasmanian government has named Abel Energy's Bell Bay Powerfuels project as the lead proponent for the Bell Bay Hydrogen Hub, positioning the precinct as a key renewable energy asset. Planned in collaboration with the Australian arm of Iberdrola, the $2 billion project intends to produce 300,000 tonnes of green methanol yearly using a 240 MW electrolysis plant at the mothballed Bell Bay Power Station site. Supported by a potential new wind farm, the project aims to cater to local and global markets, especially the shipping industry. The development has been praised by the Bell Bay Advanced Manufacturing Zone CEO for bolstering Tasmania's role in the clean energy transition. Tasmania's Energy Minister foresees the project establishing the region as a significant global hydrogen exporter, potentially generating 45,000 tonnes of green hydrogen annually and creating numerous specialized job opportunities. This initiative aligns with federal efforts to support hydrogen hubs nationwide, reflecting a positive outlook on the growth and potential of the hydrogen industry in Australia.