The Central Queensland Hydrogen Project (CQ-H2) project is in serious doubt following an announcement from lead partner Stanwell that it exiting the project and other hydrogen development activities.
Related article: Queensland LNP yanks funding for CQ-H2 hydrogen hub
“The CQ-H2 project has been a valuable international collaboration that has provided important technical and commercial knowledge to support the future large-scale commercialisation of renewable hydrogen,” Stanwell said in a brief statement.
The CQ-H2 project proposed construction of a green hydrogen production plant with 720MW of electrolysers at Aldoga, near Gladstone, capable of producing 200 tonnes per day of hydrogen from 2029. The project was being led by state-owned Stanwell in partnership with Japan’s Iwatani and Marubeni, and Singapore’s Keppel.
Stanwell’s announcement follows the Queensland Government’s decision in February to cancel further funding for the proposed $12.4 billion CQ-H2 project.
Queensland treasurer and energy minister David Janetzki said the funding required for the project did not align with the LNP government’s focus for energy generators to “provide affordable, reliable and sustainable power”.
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Eyes are now on CQ-H2 partners Itawani, Marubeni, and Keppel for an announcement regarding the project’s future.
