In this luncheon presentation in partnership with Macquarie Asset Management, Craig Carmody, CEO of the Port of Newcastle, discussed how the Port is embarking on a number of initiatives as part of its diversification strategy to successfully transition the Port of Newcastle to become the hub for renewable energy which will in turn create a strong, thriving Port that will support local jobs, future career pathways and the economic prosperity of the Hunter Region for generations to come.
Over the past three years the Port of Newcastle’s management team have transformed the Port, with their commitment to sustainability being at the centre of every decision made including their commitment to diversification.
This diversification is critical to ensure a strong, thriving Port is created, that will continue to support local jobs and the economic prosperity of the NSW and Hunter Region for generations to come. To do this the Port of Newcastle management team are focused on realising projects now, as it is the actions that are taken now that will shape the Port and the Hunter region over the next 10, 20, 50 years and beyond.
The Port has long been recognised as Australia’s leading energy port, dominated by thermal coal, with a growing and critical role as a gateway for renewable energy technology. The Port of Newcastle Green Hydrogen Hub Project, supported by Macquarie’s Green Investment Group and ARENA, opens the door to green energy production and export being an additional, and significant, trade opportunity for the Port’s global deepwater gateway to the world.