Northern Tasmania’s Bell Bay to become hub for $70M hydrogen initiative

A new hydrogen hub will be developed in northern Tasmania, with more than 45,000 tonnes of renewable energy to be produced at the site each year.

The federal government on Thursday announced their $70 million investment into the Bell Bay project, which is expected to generate about 740 jobs in the region.

"Bell Bay is a production and export powerhouse, backed by 100 per cent renewable electricity.

"This hub will provide jobs, support new manufacturing and spur investment in regional Australia as the world decarbonises."

The hub is expected to produce 45,000 tonnes of renewable hydrogen annually, which is enough to fuel more than 2200 heavy vehicles for a year.