Iberdrola, ABEL Energy to build green hydrogen plant in Australia

December 22, 2022 |

In Australia, Iberdrola Australia and hydrogen developer ABEL Energy announced they will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania. The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve an investment of $1.16 billion. Bell Bay Powerfuels will produce 200,000 tons of green methanol per year in its first phase of development, rising to 300,000 tons in its second phase. This will make the project one of the largest in the world. “Iberdrola Australia’s investment in the Bell Bay Powerfuels Project demonstrates our commitment to helping Australian businesses reduce their carbon emissions in sectors where historically, both technically and economically, it has been more difficult to make this transition. We are delighted to be able to combine Iberdrola’s global expertise in green hydrogen technologies with ABEL Energy’s local knowledge and commercial drive,” said Ross Rolfe, CEO and Managing Director of Iberdrola Australia. Iberdrola is developing 60 renewable and green H2 initiatives in eight different countries. Its goal is to reach 35,000 tons of hydrogen per year by 2025 and more than 350,000 tons per year by 2030.

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Category: Chemicals & Materials

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