- Palaszczuk Government facilitates investment by Singaporean infrastructure giant Keppel in Central Queensland Hydrogen Project.
- Keppel announces Memorandum of Understanding with Incitec Pivot for green ammonia production facility in Gladstone.
- Keppel also joins CQ-H2 consortium with a view to deliver green ammonia to both domestic and overseas customers.
Queensland is becoming a renewable energy powerhouse with Singaporean infrastructure heavyweight Keppel announcing today it has partnered with Incitec Pivot to investigate building a green ammonia production facility in Gladstone.
Keppel announced its Memorandum of Understanding with Incitec Pivot today signalling an exciting development in the Central Queensland Hydrogen Project (CQ-H2).
The CQ-H2 project is part of the Queensland Government’s new-industry development strategy, Queensland Renewable Energy and Hydrogen Jobs Fund, and the Queensland Energy and Jobs Plan.
CQ-H2 is Australia’s largest green hydrogen project and ranks in the top 10 globally at the pre-Final Investment Decision stage.
Treasurer and Minister for Trade and Investment Cameron Dick met with executives at Keppel as part of his trade mission to Singapore in September last year and then with Keppel Infrastructure Division CEO Cindy Lim in Brisbane in March this year.
Keppel and Incitec Pivot will continue to work closely with the Queensland Government to explore all essential infrastructure, licenses and approvals.
The Queensland hydrogen industry could support more than 8,900 new jobs at its peak, deliver $17.2 billion in hydrogen exports, and $12.4 billion to Queensland’s Gross State Product over its 30-year life.
Quotes attributable to the Treasurer and Minister for Trade and Investment Cameron Dick Draft:
“Global demand for renewable hydrogen is accelerating to support energy transition and domestic energy security,” he said.
“Queensland Treasury has had a key role in facilitating and funding the Central Queensland Hydrogen Project.
“After a number of discussions with Keppel, we are delighted the company and Incitec Pivot, have chosen Gladstone for their green ammonia production facility.
“This will open exciting and significant export possibilities, let alone regional jobs.”
Quotes attributable to Keppel Infrastructure Division CEO Ms Cindy Lim:
“Through Keppel’s involvement in the CQ-H2 consortium, and our partnership with Incitec Pivot, we are redoubling our efforts in making green hydrogen and ammonia reliable and commercially viable energy sources,” she said.
“Keppel’s strong track record in developing and operating large-scale energy and environmental infrastructure combined with the expertise and experience of our esteemed partners will enable us to produce, store and transport green hydrogen and ammonia in a safe, scalable and cost competitive manner for end-users in Australia, Singapore and globally.
“Thank you to Queensland Treasury for its continued support in our journey to take Queensland’s green ammonia to the world.”
Quotes attributable to Incitec Pivot Managing Director and CEO Jeanne Johns:
“IPL is pleased to be progressing this exciting opportunity with Keppel and the Queensland Government,” he said.
“Operating in a hard to abate sector means we need to be more creative to address the challenges and opportunities of climate change.
“This innovative international partnership with Keppel is one of several decarbonisation projects we are progressing as part of our Ambition to be Net Zero by 2050.”
