Clean energy company PolarBlue is set to build an advanced manufacturing hub at Bell Bay in Tasmania, producing zero-emission energy infrastructure using Australian technology.
Headquartered in Perth, PolarBlue develops systems to produce and supply zero-emission electricity, hydrogen, ammonia, and methanol.
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The company’s arrival in Tasmania follows three years of engagement, with an expected 150 jobs to be created in Phase One, and a $1.5 billion capital investment in the first three years.
Tasmanian Minister for Business, Industry and Resources Felix Ellis said, “PolarBlue’s vision to deliver globally significant outcomes using Australian technology is welcome in Tasmania.
“The significant private capital commitment will be a boon for the entire state, driving investment over three years while they build the hub.
“This work will support the provision of 150 long-term jobs, which will in turn support the northern economy.
“Tasmania is open for business, and we welcome PolarBlue’s commitment.”
PolarBlue founder Grant Reynolds said, “Almost everything the modern world runs on got cheaper as we made more of it. Energy never did.
“We never asked Tasmania for a cent, only a fair process, and we got one. Bell Bay is where we start advanced manufacturing at scale.
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“We are not asking anyone to take that on faith—we are asking them to come and watch.”
