Port of Newcastle in New South Wales, Australia, has been exporting coal since 1799. It is the largest bulk shipping port on Australia’s east coast1 and has long been a major source of regional economic prosperity in the Hunter region, currently underpinning almost 9,000 direct and indirect jobs.2
As the investment manager of a 50 per cent shareholding, Macquarie Asset Management (MAM) is supporting the port to diversify its existing revenue base, build new, future-focussed infrastructure, and invest in local training and employment opportunities.
Working with MAM and its co-investor, the port is diversifying its revenue base by increasing agricultural exports and developing a deepwater container terminal. It is also developing a 220-hectare Clean Energy Precinct, dedicated to supporting the production, storage and exporting of clean energy products and technologies, including hydrogen and green ammonia.4
To do this, the port recognises they must continue to invest in the development of local talent and build regional capacity. Through a partnership with the University of Newcastle, the port is working to create local employment opportunities into jobs of the future. This has included establishing an immersion program for students, parents and teachers; working with the university’s Institute for Energy and Resources regarding new technologies including hydrogen; and providing science, technology, engineering and mathematics (STEM) scholarships for Aboriginal and Torres Strait Islander people.
Port of Newcastle has also been actively engaging with its community to ensure they are brought on the journey. This has involved reinvigorating a community liaison group, comprised of 20 representatives from local businesses and community groups, to ensure open lines of communication between the port and its neighbours, alongside engaging with local industry and government stakeholders on its plans for the Clean Energy Precinct.
We are harnessing the Hunter region’s capability and critical energy assets to help deliver Australia’s decarbonisation objectives, while creating new trade opportunities, jobs and economic growth for clean energy exports – both locally and across the country.”
Chief Executive Officer
Port of Newcastle