A $13 Billion Renewable Energy Industrial Precinct
Beyond Zero Emissions has a plan to make Australia a strong manufacturing nation once again through the establishment of Renewable Energy Industrial Precincts
The analysis found Renewable Energy Industrial Precincts will have the potential to protect Australia’s regional economies and increase their status as export powerhouses, create tens of thousands of good quality regional jobs, and attract billions in new capital investment to regional communities.
There is the potential to transform the manufacturing base and support a total of 45,000 new ongoing jobs by 2032 and $13 billion in annual revenue by establishing Renewable Energy Industrial Precincts in these two regions alone.
Establishing a precinct will bring in new industries, including renewable hydrogen and ammonia production, high purity alumina, wind turbine manufacturing and resource recovery industries.
These new manufacturing activities will attract capital investment of $7.8 billion to the region, including $1.7 billion in for key infrastructure such as storage/firming facilities. An additional $2 billion in revenue per annum will flow into the region by 2032.