Iberdrola Australia and hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania in Australia. The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve an investment of EUR 1.1 billion. Bell Bay Powerfuels will produce 200,000 tonnes of green methanol per year in its first phase of development, rising to 300,000 tonnes in its second phase. This will make the project one of the largest in the world. Green methanol will supply the shipping market as well as other applications. From 2021, the world's leading shipping companies are opting for large ships designed to run on ultra-clean-burning green methanol. This decision has major benefits, such as eliminating air pollution in ports, avoiding environmental disasters due to oil spills in marine environments, and reducing greenhouse gas emissions currently generated by the use of fossil fuels
Iberdrola Australia and hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania in Australia. The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve an investment of EUR 1.1 billion. Bell Bay Powerfuels will produce 200,000 tonnes of green methanol per year in its first phase of development, rising to 300,000 tonnes in its second phase. This will make the project one of the largest in the world. Green methanol will supply the shipping market as well as other applications. From 2021, the world's leading shipping companies are opting for large ships designed to run on ultra-clean-burning green methanol. This decision has major benefits, such as eliminating air pollution in ports, avoiding environmental disasters due to oil spills in marine environments, and reducing greenhouse gas emissions currently generated by the use of fossil fuels
