Japan's Eneos Invests $200M in Queensland's Green Hydrogen Plant
Key Ideas
- Eneos, Japan's largest oil company, is investing $200 million in Queensland's green hydrogen ambitions to build a demonstration plant.
- The plant, located in Pinkenba, Brisbane, will produce green hydrogen using methylcyclohexane (MCH) and create over 100 new jobs.
- With support from Japanese companies and agencies, the project aims to advance green hydrogen technology and contribute to Japan's carbon neutrality goals by 2050.
- Despite previous challenges in green hydrogen projects in Australia, this investment signifies a significant step towards sustainable energy production in the region.
Japan's Eneos has announced a $200 million investment in Queensland's green hydrogen sector to construct a demonstration plant at Bulwer Island, Brisbane. This plant is set to produce up to 680 kilograms of green hydrogen per day using methylcyclohexane (MCH). The project, supported by the New Energy and Industrial Technology Development Organization (NEDO), aims to contribute to Japan's carbon neutrality targets by 2050. The plant, expected to start production by mid-2026, will operate for two years, creating over 100 new jobs in the process. Eneos will collaborate with Japanese companies like Chiyoda Corporation and Sumitomo Electric Industries, along with Brisbane-based firms, to advance green hydrogen technology. This investment highlights the increasing interest in green hydrogen projects despite past financial challenges in Australia, showcasing a positive step towards sustainable energy development in the region.