The federal government has confirmed budget funding for a new electrolysis plant in Tasmania
Zinc and other metals manufacturer Nyrstar Australia says it welcomes the federal government’s budget commitment to fund a new electrolysis plant in Hobart.
Nyrstar Australia Vice-President Dale Webb says Nyrstar welcomes the announcement from the federal government that confirms $50 million in Commonwealth funding towards construction of a new $400 million Electrolysis Plant in the federal budget.
“The announcement by the federal government demonstrates again the value of what we do in Australia and the importance of this new electrolysis plant to our sector and Tasmania,” Webb says.
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“This ensures that the next generation of employees and businesses in Tasmania will continue to play an important role in the manufacturing of zinc, a mineral critical for the transition to a low carbon world.
“This secures the long-term sustainability of 1,300 direct jobs and more than 5,000 indirect jobs in Hobart and through Nyrstar’s interlinked operations in Port Pirie in South Australia.”
It is expected the project, also supported by the Tasmanian government, will take approximately 28 months from commencement and will employ 200 people at the peak of construction.