ABEL Energy looking to develop $1.1B green methanol facility in Australia

In Australia, ABEL Energy is accelerating the potential construction of a A$1.7 billion methanol manufacturing plant on 16-22 hectares of land at the Cleveland Bay Industrial Park located in the Townsville State Development Area to produce 400,000 metric tons per annum of green methanol.

ABEL Energy completed the Singapore Port MPA tender for the supply of Green Methanol and was pleased to hear the recent news from Hon PM Albanese that A Green and Digital Shipping Corridor is being established, which will help decarbonise and digitalise shipping routes between Singapore and Australia.  

Both countries formalised their cooperation on establishing a Green and Digital Shipping Corridor by signing a Memorandum of Understanding (MoU) on 5 March 2024.

ABEL Energy is seeking to export green methanol through the Port of Townsville and provide green methanol marine bunkering facilities on Port land. This would also include supporting infrastructure such as storage tanks, loading and unloading facilities, and pipelines.

ABEL Energy’s current flagship project is Bell Bay in Tasmania. A MoU has been signed between Port of Melbourne, Maersk, ANL, Svitzer, Stolthaven Terminals, HAMR Energy and ABEL Energy to explore the commercial feasibility of establishing a green methanol storage and bunkering hub at the Port of Melbourne. They are now looking to enter a similar arrangement with the Port of Townsville.