Abel Energy is accelerating the potential construction of a $1.7 billion methanol manufacturing plant on 16-22 hectares of land at the Cleveland Bay Industrial Park located in the Townsville State Development Area to produce 400,000 tonnes per annum of green methanol.
Abel Energy completed the Singapore Port MPA tender for the supply of Green Methanol and was pleased to hear the recent news from Hon PM Albanese that A Green and Digital Shipping Corridor is being established, which will help decarbonise and digitalise shipping routes between Singapore
and Australia.
Both countries formalised their cooperation in establishing a Green and Digital Shipping Corridor by signing a Memorandum of Understanding on 5 March 2024.
Abel Energy is seeking to export green methanol through the Port of Townsville and provide green methanol marine bunkering facilities in Portland. This would also include supporting infrastructure such as storage tanks, loading and unloading facilities, and pipelines.
Abel Energy’s current flagship project is Bell Bay in Tasmania. A MoU has been signed between the Port of Melbourne, Maersk, ANL, Svitzer, Stolthaven Terminals, HAMR Energy and ABEL Energy to explore the commercial feasibility of establishing a green methanol storage and bunkering hub at the Port of Melbourne. They are now looking to enter a similar arrangement with the Port of Townsville.
“The Townsville project would seek to replicate the company’s flagship project, Bell Bay Powerfuels in Tasmania. “ABEL’s green methanol production process uses 100 per cent renewable power, fresh water and biomass residues. Our production site in Bell Bay – and the one planned for Townsville – is clean in operation with virtually zero greenhouse gas emissions, water emissions or waste discharge.
Townsville poses an ideal location for our second green methanol production facility due to the availability of wind and solar energy, along with a large amount of readily available biomass in the forms of sugar cane waste, invasive pest species prickly acacia and woodchip,” said ABEL Energy CEO, Michael van Baarle.