Quinbrook Initiates Green Iron Project Development in Gladstone, Queensland
Key Ideas
  • Quinbrook and Central Queensland Metals have started the development phase of the Green Iron Project in Gladstone, leveraging the vast magnetite deposit in the region.
  • The project, with an estimated capital investment of $3.5 billion, aims to convert magnetite ore into green iron using hydrogen generated by the Central Queensland Hydrogen Project.
  • Gladstone's strategic location, resource abundance, and governmental support position it as an ideal hub for green manufacturing ventures, attracting global interest and investment.
Quinbrook Infrastructure Partners has teamed up with Central Queensland Metals to launch the development phase of the Green Iron Project in Gladstone, Queensland. The project focuses on assessing and testing the vanadiferous titanomagnetite ore deposit at Eulogie, aiming to produce green iron through hydrogen generated by the Central Queensland Hydrogen Project. With an estimated investment of $3.5 billion, the project also includes renewable energy and storage projects to support energy-intensive manufacturing in the region. Quinbrook has exclusive rights to adjacent land for potential joint ventures in hydrogen supply and renewable power. The project aligns with Australian manufacturing policies and has garnered global investor interest, showcasing Gladstone as a promising location for green steel production. Quinbrook's leadership emphasizes the project's potential to drive infrastructure investment and export opportunities, praising the support from Federal and Queensland Governments in advancing new manufacturing initiatives.
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