Australian Fortescue Future Industries to build 250MW green hydrogen plant in Tasmania

In Australia, Australian Fortescue Future Industries Pty Ltd (FFI) has signed an Option Agreement with Tasmanian Ports Corporation Pty Ltd (TasPorts) to exclusively negotiate all land and operating access requirements for its proposed 250 megawatt (MW) green hydrogen plant in Bell Bay in Northern Tasmania, marking an important milestone in the development of this world leading project.

The project is targeted for an investment decision by the Fortescue Board in 2021.

As highlighted in the Tasmanian Government’s Renewable Hydrogen Action Plan, Tasmania is well-positioned for the development of a green hydrogen industry due to the State’s low-cost, reliable renewable energy and excellent port and water infrastructure.

The Tasmania project envisages the construction of a 250 MW green hydrogen plant at the Bell Bay Industrial Precinct, with the capacity to produce 250,000 tonnes of green ammonia per year for domestic use and international export.
An economic analysis completed by Deloitte found that the first 250MW stage could deliver a net $2 billion increase to gross state product over the life of the project.