Premier Annastacia Palaszczuk has met with a consortium partner for the Central Queensland Hydrogen project (CQ-H2 project).
Keppel Infrastructure has joined the CQ-H2 project alongside Iwatani Corporation, Kansai Electric Power Company, Marubeni Corporation, and Queensland’s Stanwell Corporation.
At its height, the project will create more than 8,900 new jobs, generate $17.2 billion in hydrogen exports, and increase $12.4 billion in Queensland’s Gross State Product over a 30-year period.
According to the Queensland Government, the CQ-H2 project is Queensland’s largest renewable hydrogen project and is in the top ten hydrogen projects in the world, with Central Queensland serving as the strategic development hub.
The State Government said Gladstone possesses unique attributes that position it as a global leader in producing green hydrogen and related products, including a deepwater port with room for development, electricity and gas transmission infrastructure, and a highly qualified workforce.
Delivering Australia’s largest energy SuperGrid will be supported by the $62 billion Queensland Energy and Jobs Plan, which aims to accelerate the State’s progress towards a 70% renewable energy target by 2032 and an 80% target by 2035.
Premier Palaszczuk invited Keppel Infrastructure to visit Queensland to continue discussions on the CQ-H2 project.
She also met with Iwatani Corporation, Kansai Electric Power Company, and Marubeni Corporation in Japan earlier this week to discuss the project.
Premier Palaszczuk said the partnerships showcase the advantages of investing in the State’s hydrogen sector.
“We are investing in growing industries in Central Queensland by strengthening regional skills and employment to lower capital intensity and planning for the infrastructure to enable the industry to thrive,” the Premier stated.
Premier Palaszczuk added, “We are committed to delivering a globally competitive energy solution that is centred around firmed, low-carbon electricity for industry, that benefits both Queensland and our consortium partners.”
