THE FEDERAL government has committed $70 million to help develop a hydrogen hub in Bell Bay.

Total investment in the project, including from the Tasmanian government and the private sector, would amount to at least $300 million.

Federal and state governments have highlighted the deep-water port and established port infrastructure in Bell Bay, and also a skilled workforce.

The Tasmanian government is leading a consortium of partners, including TasPorts, TasNetworks, TasWater, TasIrrigation and the Bell Bay Advanced Manufacturing Zone, to deliver the project.

The project is due to commence this year and be complete by early 2028.

Federal minister for climate change and energy Chris Bowen said supporting renewable hydrogen production was vital to Australia’s future as a green energy exporter and green manufacturing nation.

“Investing in an Australian renewable hydrogen industry is investing in Australia’s future to become a renewable energy superpower,” Mr Bowen said.

“Bell Bay is a production and export powerhouse, backed by 100% renewable electricity, and this hub will provide jobs, support new manufacturing and spur investment in regional Australia as the world decarbonises.”

Tasmanian minister for energy and renewables Nick Duigan said delivering the Bell Bay hub was “a huge step” towards a new industry.

“Northern Tasmania is set to be the new home of renewable energy generation, using projects like this to attract huge investments in renewable hydrogen for use in Australia and supply to the world,” he said.

“Bell Bay is perfectly placed to be a world-class green hydrogen hub, with its established port infrastructure and highly experienced and skilled workforce.”

The goverments expect the hub to produce 45,000 tonnes of renewable hydrogen each year.

It could also generate more than 700 jobs in management and maintenance, while hub construction would provide work for local skilled trades such as concreters, plumbers, fitters and electricians.

Funding has also been announced for projects in Kwinana, the Hunter, Gladstone and Port Bonython.