- Press Releases
June 8 (Renewables Now) - The industrial development zone of Aldoga in Central Queensland will become home to a 3-GW electrolyser for the production of renewable hydrogen, the government of the Aussie state said on Monday.
The ambitious project was proposed by a joint venture of government-owned generator Stanwell and Japanese industrial giant Iwatani Corporation. The duo has signed an option agreement to secure 236 ha (583 acres) of land for the export-scale facility, set to export “millions of tonnes” of green hydrogen globally by the early 2030s.
The selected site in Aldoge is an industrial zone situated within the Gladstone State Development Area (SDA).
According to the Queensland government, the project could generate AUD 4.2 billion (USD 3.25bn/EUR 2.67bn) in hydrogen exports and AUD 10 billion for the state economy. More than 5,000 jobs are expected to be opened locally.
Stanwell and its Japanese partner have wrapped up a planning study for the project and are now seeking to form “a broader consortium” of Japanese and Australian companies in order to move the scheme to the next phase. This is anticipated to occur in the second half of the year, said acting Stanwell CEO Adam Aspinall.
(AUD 1.0 = USD 0.774/EUR 0.636)