thyssenkrupp Uhde
HAMR Energy and thyssenkrupp Uhde join forces to supercharge clean fuel production
Agreement with German technology and engineering giant the next step in AUD $2bn Green Methanol project
Australian low carbon fuels and chemicals company HAMR Energy has signed a Memorandum of Understanding with chemical engineering leader thyssenkrupp Uhde to underpin the development of the $AUD 2bn Portland Renewable Fuels Project to help decarbonise the shipping sector.
The partnership will see thyssenkrupp Uhde supply a facility that integrates its established PRENFLO® gasification technology with its innovative uhde® green methanol technology, to convert forestry residue into high value green chemicals. The large-scale Green Methanol project will produce 300,000tpa of Green Methanol.
“The Portland Renewable Fuels Project will help us decarbonise the hard-to-abate shipping sector and accelerate the development of our renewable hydrogen and renewable fuels sectors, while creating local jobs and supporting business in Portland and southwest Victoria.”
HAMR Energy Director David Stribley said the agreement is another step to achieving the company’s goal of having one million tonnes of Green Methanol under development by 2030.
“We’re excited to announce our partnership with a company with the capability of thyssenkrupp. Our visions are aligned, and this is a milestone on the road to tapping into the massive demand for clean fuels in the world’s shipping industry,” Mr Stribley said.
“Green Methanol is an environmentally friendly, market ready and tech-ready solution that will be fuelling ships around the globe. Partnering with thyssenkrupp means we’re making the strategically important moves to do this at a global scale and create local jobs right here in Australia.”
Based in Germany, thyssenkrupp Uhde’s business is ready to bring scale and expertise to the Portland Renewable Fuels Project, while delivering environmentally friendly solutions that will meet challenges of the future.
Nadja Håkansson, CEO of thyssenkrupp Uhde said the agreement reflected the company’s purpose and innovative approach to creating carbon-free value chains.
“We are excited to work alongside HAMR Energy on this important project, tapping into the demand for shipping fuel while making a real difference to a carbon-intensive industry,” Håkansson said.
David Stribley said the significant carbon footprint of the international shipping industry – which is twice the emissions of Australia – underscored the urgency of developing this ready-made solution at scale.
“The switch to low-carbon fuels in the shipping sector can make a substantial impact in reducing global emissions.”
“The Portland Renewable Fuels Project helps to add Australia to the market of global sustainable fuels. We have significant industry buy-in and unlimited demand, and with thyssenkrupp on board, we have the impetus to continue this project at pace.”
“The Portland Renewable Fuels Project represents a significant investment in Portland, driving economic growth, creating local jobs and positioning the region to be at the forefront of renewable energy innovation.”
HAMR has also engaged Sayers Group as strategic advisers.
The Portland Renewable Fuels project aims to produce 300,000 tonnes of Green Methanol per year, the equivalent of removing 80,000 cars or decarbonising 150,000 tonnes of fossil fuels. The project is underway and is expected to be operational by 2029.
Victoria’s competitive advantages, strategic investments and ambitious renewable energy targets create a unique opportunity for a renewable hydrogen market to thrive.
The Victorian Government is supporting the Portland Renewable Fuels Project with $500,000 for a feasibility study through its Portland Diversification Fund.
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HAMR Energy is an Australian energy company dedicated to accelerating the nation’s transition to low-carbon fuel. With our expertise in intricate energy projects, we produce green methanol to help decarbonise the shipping sector. We are committed to reducing carbon emissions and Australia's reliance on fuel imports. This will enhance energy security and build the economy.
We have the expertise, technology and vision to produce one million tonnes of green methanol per year by 2030, if we get the right backing and support.
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thyssenkrupp Uhde combines unique technological expertise and decades of global experience in the engineering, procurement, construction and service of chemical plants. We develop innovative processes and products for a more sustainable future and thus contribute to the long-term success of our customers in almost all areas of the chemical industry. Our portfolio includes leading technologies to produce base chemicals, fertilizers and polymers as well as complete value-chains for green hydrogen and sustainable chemicals.
Media Contacts
Dan Speake
Porter Novelli
dspeake@porternovelli.com.au | +61 (0) 412 434 797
Investment Contacts
Nicole Walker
Sayers Group
nicole.walker@sayers.com.au | +61 (0) 425 843 016
