Iberdrola Australia and hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania ( Australia ). The project , called Bell Bay Powerfuels , is backed by the Australian government and will involve an investment of EUR 1.1bn . Bell Bay Powerfuels will produce 200,000 tonnes of green methanol per year in its first phase of development , rising to 300,000 tonnes in its second phase . Green methanol will supply the shipping market as well as other applications . From 2021 , the world ’ s leading shipping companies are opting for large ships designed to run on ultra-clean-burning green methanol . |
This decision has major benefits , such as eliminating air pollution in ports , avoiding environmental disasters due to oil spills in marine environments , and reducing greenhouse gas emissions currently generated by the use of fossil fuels . The construction of the future plant , which combines investment in renewable generation with investment in green hydrogen capacity , and is characterised by a collaborative approach to creating long-term value for the Tasmanian community , will rely on the best technology in the world and will create 500 jobs . Of these , 200 direct and indirect jobs will be locally recruited . |
Recon Technology , Ltd ( Recon ), a China-based independent solutions integrator in the oilfield service and environmental protection , electric power , and coal chemical industries , announced that a mainland China variable interest entity ’ s subsidiary , Huang Hua BHD Petroleum Equipment Manufacturing Co . Ltd . ( HH BHD ) was awarded an RMB 3.97M ( USD 0.57M ) contract to provide high efficiency heating furnaces equipment for a leading China oil and gas company . In total , HH BHD has generated RMB 6.68M ( USD 0.96M ) in revenue from |
awarded bids and contracts in the past fiscal quarters . According to the recently awarded contract , the equipment HH BHD will supply include insulation devices , automatic alcohol injection device for oil and gas wells and pipelines , large tank extraction skids for processing equipment , splitters , and sewage tanks . HH BHD will also provide repair and maintenance services for heating furnaces at the oil and gas client ’ s oil transmission center . All equipment to be supplied under the contract have a two-year quality guarantee . |