Study to explore Geelong green hydrogen

GREEN hydrogen could be made in Geelong if a project between GeelongPort and Fortescue Future Industries (FFI) comes to fruition.

Under the memorandum of understanding (MOU) signed last week between the commercial port operator and the renewable energy company, the feasibility study will investigate the suitability and environmental benefits of a green hydrogen production facility at GeelongPort.

It will focus on assessing the accelerated implementation of a large-scale production facility for green hydrogen – hydrogen produced using renewable energy – and preferred derivative products such as ammonia for export and domestic use.

GeelongPort chief executive officer Brett Winter said the project, if successfully implemented, could have substantial benefits for the region and support Victoria’s renewable energy targets.

“Fortescue is leading the charge on developing green hydrogen in Australia, and we are excited to partner with them on this potentially transformative study in Victoria.

“A green hydrogen facility will support the development of new industries in Geelong, contribute to Victoria’s energy security, and create local jobs during both construction and operation.”

Through the feasibility study, GeelongPort and FFI will map key operational and commercial plans for the project and develop a potential production timeline.

The study will also assess the suitability of an optimal site within GeelongPort.

FFI director for East Australia and New Zealand Eva Hanly said FFI’s goal was to turn regional Australia into a global green energy heartland and create thousands of jobs now and many more in the future.

“FFI is uniquely positioned to accelerate the global green energy transition.

“Green hydrogen is a fuel that, when produced, does not result in carbon or methane emissions – every other type of hydrogen requires burning fossil fuels

“It is a practical, implementable solution to reduce emissions and create strong economies.”

The project would contribute to the Victorian government’s targets to achieve 95 per cent renewable electricity by 2035 and reach net zero emissions by 2045.

Under the non-binding MOU, GeelongPort and FFI expect to complete the joint feasibility study by the end of 2023, and a final investment decision is expected to be made at the end of 2024.

If the project goes ahead, the facility has the potential to create local jobs during construction and support direct and indirect renewable energy jobs as Victoria transitions to green energy.

GeelongPort says the collaboration is another milestone in its plan to become Australia’s most sustainable bulk port.