Townsville is best placed to join Gladstone as one of two key export hubs for Queensland’s fledgling hydrogen industry, says Premier Annastacia Palaszczuk.
Visiting for a North Queensland sitting of Parliament, the Premier highlighted the issue at a Townsville Enterprise breakfast.
“The world is moving towards hydrogen, and there are two key centres that they’re talking about as being potential for export hubs. The first is Gladstone, but I honestly believe that the biggest opportunity for the second one is Townsville,” she said.
“Townsville has a huge opportunity, especially the Asia region, and we know that Japan is land-locked in terms of not having the land to produce hydrogen.
“They have been very dependent on coal resources, but in the future they are looking at opportunities for hydrogen, and Queensland is well placed. The same can be said about Korea.”
It comes after news last month of a $5 million study underway into a hydrogen plant at Stanwell Power Station, near Rockhampton.
The 12-month study would assess the technical, commercial and strategic feasibility of a large hydrogen electrolysis plant near the power station.
The State Government in May committed $19 million to a Queensland Hydrogen Industry Strategy to boost the State’s chances of becoming a hydrogen exporter of choice for the world.
Greenvale land deal ‘weeks away’
Ms Palaszczuk also announced that the government was in the final stages of an agreement with the Commonwealth to provide land at Greenvale and Shoalwater Bay to support the Australian-Singapore Military Training Initiative.
“The provision of this land will help to secure over $2 billion of investment in North Queensland under the Australian-Singapore Military Training Initiative,” she said.
“This will mean a boost of over $36 million to the Townsville economy each year of the life of the training facility, it also will mean more good, secure local jobs and I have just been assured by (State Development) Minister Cameron Dick that that signing is not months, but weeks away, so I think that’s a great announcement coming for the start of our Townsville Parliament.”
Singapore is investing $2.25 billion under the ASMTI to establish a training area in Greenvale and expand Shoalwater Bay Training Area for their use.
Of the $2.25 billion, the Townsville region is expected to see an investment of about $1 billion over the life of the initiative.