Image used for illustrative purpose only. Image by jcomp on Freepik
1 minute read

ABEL Energy preps raise for $1.7b green fuels project in Tasmania’s

According to The Australian Financial Review, ABEL Energy has sent out its bankers to find fresh backers, just as it gets cracking on its much-talked-about $1.7 billion Bell Bay Powerfuels project.

The Bell Bay Powerfuels project wants to ship 300,000 tonnes of “green” methanol production annually, starting in 2028. The three-part process uses renewable energy to produce hydrogen via electrolysis, while forestry residues are processed via gasification to generate syngas. Putting the two together produces methanol.
Prospective bidders have been told to register expressions of interest by March 8 to receive an info pack. The sell-side advisers will collect non-binding offers in mid-April, and final bids would be due six weeks later, at the end of May. ABEL is hoping to have a deal signed by the end of the financial year.

Legal Disclaimer:
J-abc com
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Petro (Chemicals)
    1 minute read

    ExxonMobil to invest $15 billion in…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    CIP enters into partnership with Atlas…

    18 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    1 minute read

    Essar to set up green hydrogen…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    Gruner Renewable to build Asia’s largest…

    17 Jun. 2024 | Global Flow Control