GEELONGPORT has announced plans to expand its current operations with a $100 million investment to build the Geelong Hydrogen Hub, a production and distribution facility for green hydrogen.
The foundation developer will be CAC-H2, a Singapore headquartered company which has compiled an advanced team who lead in the gasification sector primarily in carbon removal, renewable fuels, and green hydrogen production. The group’s model to produce green hydrogen removes atmospheric CO2 and then stores it as a stable form of carbon making the process carbon negative.
GeelongPort CEO Brett Winter said he was pleased to announce this positive step forward in the organisation’s commitment to tackling climate change and its goal of becoming Australia’s most sustainable bulk port.
“The Geelong Hydrogen Hub will position Geelong as a leader in the development of clean energy infrastructure.”
Development of the Hub will also include the ability to produce green ammonia for export into Asia to meet the growing demand in the region.
CAC-H2’s CEO Glenn Davies said, “At CAC-H2, we are working hard to achieve net-zero emissions through the development of green hydrogen and renewable energy assets and look forward to bringing clean energy infrastructure to Geelong and Victorian communities”.
Pending regulatory approvals, the first stage of the Geelong Hydrogen Hub is expected to be operational in December 2023, creating over 50 jobs during its construction and establishing many more direct and indirect clean energy jobs as Victoria transitions to Green Hydrogen.
GeelongPort has also partnered with Startupbootcamp’s Greater Geelong Hydrogen Technology cluster and is engaging with interested parties to identify future partnership opportunities in developing the Hub.
