ENEOS, Japan's largest oil company, has announced plans to invest $200 million in building a hydrogen export technology demonstration plant in Queensland, Australia. The plant, situated in Brisbane, will have the capacity to produce up to 680kg of green hydrogen per day. This initiative was disclosed by Ros Bates, Queensland's Finance, Trade, Employment and Training minister, during a recent announcement. The hydrogen produced will be converted into methylcyclohexane (MCH), a hydrogen carrier, making it easier to transport in liquid form at room temperature. This liquid form allows for efficient export to Japan. The project is funded and supported by the Japanese government's New Energy and Industrial Technology Development Organization and the Ministry of Economy, Trade and Industry's Green Innovation Fund. Several Japanese companies, including Chiyoda Corporation, Sumitomo Electric Industries, TOPPAN, and AGC, are partnering with ENEOS on this initiative. Construction of the plant, set to commence next year, is anticipated to take two years, with operations starting in 2026. The plant is expected to create more than 100 specialist jobs in Queensland, boosting the local economy. This endeavor is part of ENEOS' broader goal to commercialize MCH production and export technology by 2030. Despite previous setbacks in South Australia and Gladstone, ENEOS' decision to invest in Queensland highlights the state's attractiveness as a partner in the green hydrogen industry. The project's announcement coincides with Queensland's efforts to strengthen relationships with Japan and South Korea through trade missions. Overall, the investment signifies a positive step towards green technology development, energy sector growth, and job creation in Queensland.