ABEL Energy and Worley Partner to Develop A$1.7B Green Hydrogen and Methanol Project in Tasmania, Australia

ABEL Energy has joined forces with Worley to develop a groundbreaking A$1.7 billion green hydrogen and methanol project in Bell Bay, Northern Tasmania. The project, known as the Bell Bay Powerfuels Project, aims to commence green hydrogen production by 2028 and generate 300,000 tonnes of green methanol annually, primarily for the shipping industry. The partnership will see Worley provide engineering, procurement, and construction services to support the project. Leading shipping companies, including Maersk and CMA CGM, have already invested in large container ships capable of running on green methanol to reduce greenhouse gas emissions. By utilizing green methanol from Bell Bay, these companies can avoid emitting over 540,000 tonnes of fossil fuel CO2 per year. The production process involves water electrolysis and the use of sustainable biomass to create green methanol, which not only serves as a clean shipping fuel but also as a building block for green chemicals and sustainable aviation fuel. To ensure the successful delivery of the Bell Bay Powerfuels Project, Worley will collaborate with local engineering company pitt&sherry, combining their expertise to de-risk and execute the project. The front-end engineering design is expected to take 12 months. Both ABEL Energy and Worley expressed confidence in the partnership and their ability to drive sustainable change and contribute to Australia’s energy transition goals. The completion of the project will significantly support Australia’s efforts to adopt clean and sustainable energy sources. ABEL Energy specializes in synthetic fuel production, while Worley is a global professional services company focused on energy, chemicals, and resources sectors.