A start-up named HAMR Energy, in collaboration with German company ThyssenKrupp, is leading an innovative project in Portland, Victoria, to produce green methanol as a sustainable fuel for the shipping industry. The $2 billion methanol synthesis plant aims to leverage Australia's abundant sunshine, wind power, and forestry waste to produce approximately 300,000 tonnes of green methanol, equivalent to removing emissions from 80,000 cars or decarbonising 150,000 tonnes of fossil fuels. This initiative is expected to have a significant impact on reducing emissions in the shipping industry, where there is growing demand for cleaner fuels. Unlike green hydrogen and ammonia, green methanol is considered more viable for immediate use in aviation and shipping fuels, with the technology already available in the market. The project is set to address the challenges of transporting and utilizing hydrogen by combining it with renewable carbon to create a more practical energy source. With over 300 new dual-fuel vessels ordered, there is a noticeable gap between supply and demand for green methanol, indicating a promising market outlook. The partnership between HAMR Energy and ThyssenKrupp brings together expertise in gasification and green methanol technology to convert forestry residue into valuable green chemicals. The project, supported by the state government and local industrial community, is expected to be operational by 2029. Portland's ideal location, workforce, and renewable energy zones make it a strategic choice for this large-scale plant, which will contribute to renewable energy innovation in the region. The initiative not only aims to decarbonize the shipping sector but also to accelerate the development of renewable hydrogen and renewable fuels sectors. The project is seen as a crucial step towards achieving clean energy and climate goals, particularly in the hard-to-abate shipping industry. By leveraging local resources and skills, the Portland Renewable Fuels Project is poised to make a meaningful contribution to sustainable energy production and emission reduction.