A $4.5 billion hydrogen export development on the Tiwi Islands has been granted major project status in a move the Northern Territory government says will establish the region as a leader in the new energy economy.
The Provaris project is expected to create 500 jobs during construction and 100 ongoing positions during its 30-year life.
“Tiwi H2 is an exciting renewables project. It will not only further diversify our economy but also strongly position the Northern Territory as a key location for renewable hydrogen production,” Chief Minister Natasha Fyles said.
“Establishing the Territory as a leader in the new energy economy means more opportunities for Territorians and Territory businesses. This sector will only continue to grow moving forward.”
Provaris intends to use solar energy to produce up to 100,000 tonnes of hydrogen a year for export markets using existing port infrastructure on the Tiwi Islands.
Granting it major project status recognises the significant, positive and enduring impact it will have on the Territory’s economy.
Managing director Martin Carolan said the endorsement was another significant milestone for Provaris in its development program.