The Port of Newcastle has achieved a significant milestone in its Clean Energy Precinct (CEP) initiative, securing agreements to proceed with Front End Engineering Designs (FEED) and Environmental Impact Statements (EIS).
These agreements are funded by a US$100 million grant from the Commonwealth Government.
CEO Craig Carmody, alongside Federal Member for Newcastle Sharon Claydon MP, marked the occasion at the Australian port, highlighting its importance for the Hunter Region’s future.
The project, when fully operational, is expected to inject $4.2 billion into the local economy and create approximately 5,800 jobs by 2040. It also aligns with the NSW Government’s goals to boost clean energy through the Electricity Infrastructure Roadmap by enhancing renewable energy production, storage, and investment.
The FEED and EIS studies, to be conducted by Lumea, CoNEXA, and GHD, will inform the future site layout and design necessary for environmental planning approvals.
The CEP initiative aims to facilitate the production, storage, and export of clean energy resources like green hydrogen and ammonia.
