It’s time for Australia to once again become a strong manufacturing nation
Right now, Australia has an opportunity to meet growing global demand for zero-emissions products by establishing Renewable Energy Industrial Precincts.
Gladstone
Powered by the Central Renewable Energy Zone, a precinct will enable the region to retain energy intensive businesses such as aluminium and chemical production. It will bring in new industries, including renewable hydrogen and ammonia production. New manufacturing activities will attract regional capital investment of $7.8 billion, including $1.7 billion for key infrastructure such as storage/firming facilities. An additional $2 billion in revenue per annum will flow into the region by 2032.
Read the full analysis: Central Queensland
Hunter
A REIP could unlock new capital investment of $28 billion in the region, including $8.6 billion for storage/firming capacity, transmission lines, freight networks and renewable hydrogen infrastructure and export facilities. It will attract investment in new industries, such as battery manufacturing and renewable hydrogen. An extra $11 billion in revenue will be generated per year by 2032. Critically, it will also back efforts by existing energy intensive businesses.
Read the full analysis: Hunter Valley
Find out more about how we can tap into our abundance of low-cost renewable energy resources via BZE's Renewable Energy Industrial Precinct impact hub.
