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Key Points:
- Quinbrook Infrastructure Partners to launch $3.5 billion “Green Iron” project in Queensland.
- Project aims to use green hydrogen, produced from renewable energy, for iron processing.
- Expected to support Australia’s Future Made in Australia program and critical minerals policies.
- Planning approvals are underway, and the project will take several years to develop.
Quinbrook Infrastructure Partners Launch $3.5 Billion ‘Green Iron’ Project, Powered By Renewables
Quinbrook Infrastructure Partners announced the development of a $3.5 billion “Green Iron” project in Queensland. This initiative aims to revolutionize iron processing by using green hydrogen produced from renewable energy sources, significantly reducing the carbon footprint associated with traditional iron production.
David Scaysbrook, Quinbrook’s Managing Partner, highlighted the project’s alignment with Australia’s Future Made in Australia program: “This is exactly the type of project the ‘Made in Australia’ and critical minerals policies are designed to support. The recent Federal budget announcements have given us and our partners the confidence to get on with it.“
The project, located 70 km west of Gladstone, will involve mining magnetite iron and refining it into green iron. Quinbrook is in discussions to source green hydrogen from a proposed facility by Stanwell Corporation, a Queensland state-owned utility.
Planning approvals are in progress, and the project development is expected to span several years. New mines typically take around 12 years to develop in Australia, and Quinbrook must still test the quality and scale of the Eulogie deposit.
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This project represents a significant step towards sustainable iron production and highlights Australia’s commitment to green energy initiatives and critical minerals processing.