Queensland’s largest renewable hydrogen project
Published Friday, 14 July, 2023 at 05:57 PM
Premier and Minister for the Olympic and Paralympic Games
The Honourable Annastacia Palaszczuk
- Keppel Infrastructure has joined other partners in the Central Queensland Hydrogen (CQ-H2) project
- The CQH2 FEED study represents the largest investment in an Australian green hydrogen project of its kind to date.
- The project aims to produce 200 tonnes of renewable hydrogen per day by 2028 and up to 800 tonnes per day by the early 2030.
Queensland Premier Annastacia Palaszczuk has met with consortium partner for Queensland’s largest renewable hydrogen project.
Keppel Infrastructure has joined other partners in the CQ-H2 project, Iwatani Corporation (Japan), Kansai Electric Power Company (Japan), Marubeni Corporation (Japan) and Queensland’s publicly owned Stanwell Corporation.
At its peak, the proposed project will provide more than 8,900 new jobs, deliver $17.2 billion in hydrogen exports, and add $12.4 billion to Queensland’s Gross State Product over its 30-year life.
CQ-H2 is Queensland’s largest renewable hydrogen project and ranks in the global top 10 hydrogen projects, with Central Queensland as the hub of the strategic development.
Gladstone has a unique set of attributes to be a global player in the production of green hydrogen and related products, including a deepwater port with space for expansion, electricity and gas transmission infrastructure and a highly skilled workforce.
Delivering Australia’s largest energy SuperGrid with be supported by the $62 billion Queensland Energy and Jobs Plan to accelerate our progress toward achieving a 70 per cent renewable energy target by 2032 and 80 per cent by 2035.
The Premier invited Keppel Infrastructure to Queensland to continue discussions about this important project.
The Premier also met with Iwatani Corporation, Kansai Electric Power Company, and Marubeni Corporation in Japan earlier this week to discuss the project.
Quotes attributable to Premier Annastacia Palaszczuk:
“Queensland is at the forefront of becoming a renewables, hydrogen, and clean energy superpower.
“These partnerships are highlighting, on a global stage, the benefits of investing in Queensland’s booming hydrogen sector creating jobs and prosperity for Queensland for generations to come.”
“We are invested 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.
“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.”
- Stanwell has been leading the development of CQ-H2 since 2020. A feasibility study was successfully completed in mid-2022 and announced by the Queensland Government in December 2022.
- Queensland is already leading the charge in the hydrogen sector, with more than 50 hydrogen projects currently underway across the state, including Stanwell Energy’s mega $12.4 billion Central Queensland Hydrogen Hub at Gladstone Port.
- The Queensland Energy and Jobs Plan will mean 70 per cent renewable energy by 2032 and 80 per cent by 2035, and propel the state to net zero emissions by 2050.
- The state’s green hydrogen industry is a key element of the plan, luring major investment and opening new export opportunities.
- Government also supports industry development through the $4.5 billion Queensland Renewable Energy and Hydrogen Jobs Fund.
- The Queensland hydrogen industry could support more than 8,900 new jobs at its peak, deliver $17.2 billion in hydrogen exports, and add $12.4 billion to Queensland’s Gross State Product over its 30-year life.
- In 2022, Japan was Queensland's second largest goods trading partner (exports plus imports), behind China, valued at $33.9 billion.
- Japan is Queensland’s largest goods export market, valued at $27.7 billion in 2022. This represents 20.2 per cent of Queensland's total goods exports and 24 per cent of Australia's total goods exports with Japan.
- Japan is a major investor in Australia valued, in 2022, at $133.8 billion in foreign direct investment, representing Australia’s third largest source market.