The Queensland Central Hydrogen Project will end after the state accounting refuses to invest more money.
The dream of green hydrogen production in Queensland is over. The Chris Serlin has also refused $ 1 billion for the construction of a $ 12.5 billion factory and pipeline from the consortium behind the Central Queensland Hydrogen Project (CQ-H2).
Similar to Western Australia and Tasmania’s supporters of Tasman are planning billions of dollars.
This proposal included the development of hydrogen production facilities in Aldoga near Gladstone. The gas pipeline transported gas to Glad Stone Port and transported ammonia production facilities.
The company plans to produce up to 200 tons of liquefied hydrogen by 2028, add $ 8.9 billion to the Queensland Central Economy by 2031, and provide $ 14.5 billion exports.
The newly elected Liberal Kondes (LNP) government said that it would initially support projects started under the Labor Party’s predecessor, but the Finance Secretary David Janzuki confirmed that the government would no longer provide funds. 。
The request was from Stanwell, a national energy company (Keanland’s largest generator). This is a part of the consortium behind a project, including a company based in Singapore and Singapore.
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In November, Japan’s public interest businesses have withdrawn the support from the project with higher costs than expected. This was a big blow because Kansai was one of the major customers of hydrogen.
According to market analysts, the first $ 12.5 billion has increased to $ 14.75 billion in the feasible survey in 2022, and has risen rapidly for a considerable cost of investment.
JANETZKI said Stanwell had to significantly need the state government’s funding, such as “water, port, transmission, and infrastructure for hydrogen production.
“We are focusing on the energy lander, highly reliable and highly reliable, and provided sustainable power,” he said in a statement.
The government has inherited the budget deficit, and the rise in debt has not been able to justify further investment in emerging energy technology.
“Stanwell’s investment in regenerated hydrogen is not in line with these expectations and the purpose of this government, but focusing on financial and operational core performances, from the existing generation of Queens Rander. Maximize value.
His decisions could lead to more than $ 100 million in funding in the state, federal, and private sector that have already been developed.
