Iberdrola to invest €1.1 bn in green hydrogen and methanol plant

Iberdrola has announced intentions to invest more than €1.1 billion (around $1.7 billion) in a green hydrogen and methanol plant in Tasmania. Iberdrola is partnering with Australian hydrogen developer Abel Energy to build the plant in Bell Bay. The Australian government is backing the project. Iberdrola and Abel Energy said the plant will be one