Beyond Zero Emissions

Briefing - March 2021

Renewable Energy Industrial Precincts

Renewable Energy Industrial Precincts provide low-cost energy to power clusters of manufacturers with 100% renewable electricity.

They are designed to capitalise on growing global demand for zero-emissions products, strengthen employment in emissions intensive regions and commercialise Australia’s world leading research and development on shore.

This concept builds on the Modern Manufacturing Strategy, the Technology Investment Roadmap, the National Hydrogen Strategy and development of Renewable Energy Zones.

Heidi Lee, CEO of Beyond Zero Emissions
0418 258 081

Pre-budget submission to Treasury

  • $1.5 billion to enable existing manufacturers to use or switch to renewable energy
  • $500 million for funding critical infrastructure and early stage works
  • Establish a REIP Taskforce in the Department of Industry, Science, Energy and Resources.

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Preliminary economic modelling results

  • An additional $12 billion in revenue for the Hunter and Gladstone areas alone
  • 40,000 additional jobs in industries including green steel and renewable hydrogen
  • Generates almost $38 billion in capital investment
  • Increase of annual Australian GDP in 2032 by $5.8 billion

Hunter Modelling Gladstone Modelling

Early stakeholder response in Hunter and Gladstone

  • Active engagement with over 50 manufacturers & key industries in Hunter/Gladstone
  • Influential support for REIPs: Molycop, Ampcontrol and Rinna as well as a whole community of innovators such as MGA Thermal, Diffuse Energy, 3ME and Raygen.

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Next steps

  • Confirming interest in REIP with manufacturers, service providers and investors
  • Expressions of interest closing in May for Hunter and Gladstone
  • Finalise economic model with EOIs for Hunter, Gladstone, Darwin, Bell Bay & Collie
  • Ongoing engagement with government stakeholders to refine policy