New project worth over $ 1 billion in Queensland to double global green hydrogen production capacity


Fortescue Future Industries (FFI) will build the world’s largest green-energy hydrogen manufacturing plant in central Queensland, mining billionaire and company founder Andrew “Twiggy” Forrest said.

The first stage of the project – a $ 115 million manufacturing plant to be built in Aldoga, west of Gladstone – is expected to double global green hydrogen production capacity and create thousands of jobs in the industry energy supply in Queensland for years to come.

The plant will manufacture green energy infrastructure and equipment – such as electrolysers, cables and wind turbines – to create green hydrogen that will be exported around the world.

Mr Forrest said the announcement marked the first step in a six-step “billion-plus” transaction.

The first stage of the operation, which is expected to be completed early next year, is expected to create 120 construction jobs and 53 operational jobs.

Mr Forrest described the proposed facility as a “breakthrough” for the Australian green energy market that marked the start of an industrial revolution.

Loading

“This is the future,” Forrest said from the port of Gladstone.

“We will not allow the world to continue cooking – we will not allow our children to inherit a much less stable environment.

“I am convinced that we have thousands of times more energy available than we will ever need.

Mr Forrest said the facility would double the world’s capacity to produce green hydrogen, with the first step expected to produce 2 gigawatts of hydrogen electrolyzers each year.

Electrolysers separate hydrogen from water, producing emission-free energy.

Mr Forrest said he has spent the past 15 months traveling to 62 countries around the world to determine the best location to build the facility.

“Queensland has the beautiful combination of wind and solar and you have a hardworking and educated people. [and] a great government that is moving towards a future of green hydrogen, ”he said.

Mr Forrest said he expected the first electrolyzers to be produced and ready for export by 2023.

Electrolysers separate hydrogen from water, producing emission-free energy.(

ABC News

)

Renewable “energy superpower”

Prime Minister Annastacia Palaszczuk said the announcement secures Queensland as part of the “green hydrogen renewable energy revolution”.

“Hydrogen is part of Queensland’s future and [this] makes Queensland a powerhouse for green renewables, ”she said.

Ms Palaszczuk said the announcement was as important to the state’s future as securing the right to host the 2032 Olympics.

“Our proximity to Asia, our excellent trade relations but, in terms of manufacturing, that will mean that there will be permanent jobs… by the thousands in the future,” she said.

The Prime Minister said 300 jobs will be created in the Queensland region over the life of the facility.

“Now we are taking it to the next level. The next 11 years leading up to the Olympics will transform our state,” Ms. Palaszczuk said.

Artist's impression - FFI's green energy hydrogen manufacturing facility.
Artist’s impression of FFI’s green energy hydrogen manufacturing plant in Gladstone, central Queensland.(

Provided

)

Queensland Treasurer Cameron Dick said the ad heralded “a sunrise over a new industry for Queensland”.

Mr Dick said that if the world is currently generating one gigawatt of electrolyzers per year, the first stage of this installation would generate 2 gigawatts.

He said the facility would mean traditional owners in the Gladstone area could be offered secure work in the industry, while training would be rolled out in local high schools.

Earlier this year, Forrest estimated that the green hydrogen market could generate revenues of $ 12 trillion by 2050.

He said his company is committed to becoming carbon neutral by 2030.

The announcement comes as the federal government has yet to set a goal of net zero emissions by 2050.

Australia has faced increasing international pressure to accept the 2050 target after the US and UK demanded assurances of sufficient emission reductions.

.Master plan map for FFI's green energy hydrogen manufacturing plant in Gladstone, central Queensland
Map showing FFI’s master plan.(

Provided

)
Previous Quanta Services - Consensus indicates potential increase of 11.8%
Next Gasco Energy Ltd appoints new plant manager