Quinbrook Invests in Queensland Green Iron Project Harnessing Renewable Hydrogen
Key Ideas
- Quinbrook Infrastructure Partners is investing in the $3.5 billion Gladstone Green Iron project in Queensland, utilizing renewable hydrogen for green iron production.
- The project includes a partnership with Central Queensland Metals to develop a magnetite ore deposit, supported by the Central Queensland Hydrogen Project.
- In addition to the Green Iron project, Quinbrook is also progressing on the Project Green Poly, aiming to establish an integrated mine-to-manufacturing supply chain for polysilicon in Townsville.
- Both projects align with Australia's push towards green manufacturing and have the potential to create significant job opportunities and infrastructure investments.
Quinbrook Infrastructure Partners has announced a significant investment in the Gladstone Green Iron project in Queensland, Australia, with plans to convert magnetite ore into green iron using renewable hydrogen. The project, valued at $3.5 billion, is strategically located near existing infrastructure and abundant renewable resources. Quinbrook will work with Central Queensland Metals to evaluate and develop the Eulogie vanadiferous titanomagnetite ore deposit, followed by the transportation and potential production of green iron using hydrogen from the Central Queensland Hydrogen Project (CQ-H2). This 2.2GW renewable hydrogen project aims to produce up to 200 tonnes per day of gaseous renewable hydrogen by 2028. Quinbrook has secured exclusive rights to land adjacent to CQ-H2 and is in talks with the Stanwell Corporation for hydrogen supply. The article highlights the positive sentiment towards green iron production in Australia, with notable support from the federal and Queensland governments for such initiatives. Quinbrook's Project Green Poly in Townsville reflects a similar commitment to green manufacturing, aiming to create jobs and infrastructure investments over a 30-year period.
Topics
Projects
Infrastructure
Investment
Energy Transition
Job Creation
Manufacturing
Renewables
Australia
Green Industry
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