TASPORTS has announced that it has signed an option agreement for land and operating access with Fortescue Future Industries for its proposed 250-megawatt green hydrogen plant at Bell Bay.
Fortescue Future Industries is a wholly owned subsidiary of Australian iron ore mining company Fortescue Metals Group.
TasPorts chief executive Anthony Donald said the signing of the option agreement demonstrates the organisation’s maturity in enabling commercial growth opportunities.
“Aligned with TasPorts Port Master Plan and our commitment to facilitate trade for the benefit of Tasmania, the signing of this agreement supports the organisation’s commitment to work with proponents and customers to enable new and emerging industries,” Mr Donald said.
“Securing land is one of the critical ingredients to enable the realisation of green hydrogen developments at Bell Bay and TasPorts is proud to be taking a lead role to support the renewable energy industry.”
Tasmania has an abundance of existing and expandable renewable energy resources and the Port of Bell Bay provides an opportunity to support the export of green hydrogen, with land availability and access to a deepwater port.
Further opportunities exist within the industrial precinct and TasPorts is continuing to work with other proponents as it supports the government’s Tasmanian Renewable Hydrogen Action Plan.