The Port of Newcastle has strengthened its ties with Mitsubishi Heavy Industries (MHI) to advance its Clean Energy Precinct (CEP) project. The two organizations have signed an Advisory Agreement that will enable the Port to tap into MHI’s expertise in the production, storage, and distribution of hydrogen and ammonia. This collaboration will provide valuable insights to inform the CEP’s Front End Engineering Design (FEED) studies, which are currently underway.
The CEP is a 220-hectare facility that aims to facilitate clean energy production, storage, and export. It is expected to contribute $4.2 billion to the economy and generate thousands of new jobs in the Hunter Region by 2040. The project is funded by a $100 million grant from the Commonwealth Government and administered by the NSW Government.
The Port of Newcastle’s CEO, Craig Carmody, stated that MHI’s expertise will be crucial in informing the future site layout, enablement, and design of the CEP. He also highlighted the potential for the Port to utilize MHI’s knowledge of chemical plant projects, including hydrogen production and handling, to position the CEP as a future global hydrogen hub.
MHI’s Senior Fellow and Chief Regional Officer, Takehiko Kikuchi, expressed the company’s enthusiasm for the partnership, stating that it will enable them to contribute their technical expertise and experience in the hydrogen and ammonia value chain.
The Federal Member for Newcastle, Sharon Claydon, emphasized the importance of the CEP project, stating that it will be a major economic catalyst for the region and ensure that Newcastle continues to lead the transition to net zero. The project’s potential to create thousands of new jobs and contribute to the local economy makes it a significant step forward for the region.