Victoria's Green Fuel Revolution: Enhancing Sustainability in the Shipping Sector
Key Ideas
- HAMR Energy and Thyssenkrupp Uhde GmbH partner to develop the Portland Renewable Fuels Project, aiming to decarbonize the shipping sector in Victoria.
- The project will use gasification and green methanol technology to convert forestry residue into high-value chemicals, with a capacity of 300,000 metric tons per year.
- Victoria's strategic investments and support from the government create a unique opportunity for the renewable hydrogen market to thrive, with an expected operational timeline by 2029.
- The hybrid bio/e-methanol development plans to process 500,000 metric tons per year of forestry biomass and produce 30,000 metric tons per year of hydrogen from renewable energy sources.
Australian low-carbon fuels company HAMR Energy has partnered with Thyssenkrupp Uhde GmbH from Germany to work on the Portland Renewable Fuels Project in Victoria, Australia. This project aims to contribute towards decarbonizing the shipping sector by utilizing gasification and green methanol technology to convert forestry residue into valuable chemicals. The partnership's goal is to produce 300,000 metric tons per year of green methanol. With an expected completion date by 2029, the project is set to benefit from Victoria's competitive advantages and strategic investments, providing a conducive environment for the renewable hydrogen market to flourish. The Victorian Government is actively supporting this initiative through a funding of AUD$500,000 for a feasibility study. The Portland Renewable Fuels Project, according to the Commonwealth Scientific and Industrial Research Organisation (CSIRO), is designed as a hybrid bio/e-methanol development plan. It intends to utilize underutilized forestry biomass as feedstock, aiming to process 500,000 metric tons per year, and also produce 30,000 metric tons per year of hydrogen sourced from renewable energy, mainly from wind power.