The Australian state of Victoria is investing AUD 500,000 ($318,500) into a new study aimed at developing a green shipping fuel hub in the city of Portland.

It will be led by Portland H2 — a subsidiary of HAMR Energy — into the feasibility towards establishing a plant converting plantation forestry residue to green methanol.

The study includes preliminary engineering and planning for the plant that would also include a 100-megawatt electrolyser to produce renewable hydrogen from water.