Tasmania's Green Hydrogen Hub Seeks International Investment for $2 Billion Green Fuel Vision
Key Ideas
- Ron Green urges international investors, including industry leaders, to support Tasmania's $2 billion Green Hydrogen Hub project to achieve industrial decarbonisation.
- Despite facing challenges and limited demand, Green stresses the importance of international investment and off-take agreements for the project's success.
- The Bell Bay Powerfuels green methanol plant is the only remaining hydrogen project at the hub, but Tasmania's plans have shown resilience amid global decline in green hydrogen investment.
- Green highlights the need for more major companies and financiers to engage in green hydrogen projects like Tasmania's, emphasizing the crucial role of partnerships in driving the industry forward.
The head of Tasmania’s Green Hydrogen Hub, Ron Green, has called upon international investors to support the state's ambitious $2 billion green fuel vision aimed at industrial decarbonisation. Despite receiving $330 million in grants, challenges remain as proposals from industry giants like Fortescue, Woodside, and Origin have not materialized. The Bell Bay Powerfuels green methanol plant stands as the sole progressing hydrogen project in the hub, with the state government endorsing it as the provisional proponent. Green emphasizes the necessity of international investment and off-take agreements for the project's viability, highlighting the lack of demand for low carbon hydrogen as a significant obstacle. While facing hurdles, Tasmania's Green Hydrogen Hub has made noteworthy progress compared to other green hydrogen projects globally. Green acknowledges the need for more partnerships from major companies and clean energy financiers, pointing out the absence of key industry players at the Tasmanian Energy Development Conference. Despite the challenges ahead, Green remains optimistic about the project's potential and calls for patience in the journey towards establishing a green hydrogen production industry in Tasmania.