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South Australian craft brewer Pirate Life Brewing is preparing to build a new brewery and bar venue at Port Adelaide’s historic woolstores.

The project will cost $15 million, create more than 80 jobs, and will make it one of the largest craft breweries in South Australia, according to the company.

Pirate Life was founded by father and son, Mick and Jack Cameron, and Jared Proudfoot in 2014, and late last year, was acquired by Belgian brewing giant Anheuser-Busch InBev (AB InBev).

The new high-tech facility, which is part of the rejuvenation now underway in the Port, will almost quadruple Pirate Life’s annual production to more than 11 million litres.

Also, at the new brewing plant, 100 per cent of its purchased electricity will be sourced from renewables by 2025.

Pirate Life said it will continue to operate its current Hindmarsh brewery as an innovation centre focused on research and development, training, and the production of specialty beers.

The brewer produces beers predominantly for the Australian market, but it also exports to New Zealand, the United Kingdom, Singapore and Hong Kong.

Pirate Life said it worked with Investment Attraction South Australia to maximise AB InBev’s investment.

“Pirate Life is proudly South Australian, so we’re stoked to be partnering with the Government to create jobs in Port Adelaide and grow the South Australian economy,” Pirate Life chief executive John Phinney said.

“This project will help us deliver on our goal to continue making the best beers in Australia. We are incredibly excited about getting those beers into the pubs, fridges, and hands of our friends all around Australia and the world.”