The Queensland Government has pulled its support for a AUD $12.5bn ($7.68bn) green hydrogen project in the Port of Gladstone.
The Central Queensland Hydrogen Project (CQ-H2), being developed by Stanwell Corporation, plans to install at least 640MW of electrolysis to produce green hydrogen for local industry and export markets.
Despite securing federal backing, H2 View understands that Queensland’s government, headed by Liberal David Crisafulli, rejected an AUD $1bn ($614m) funding request from Stanwell through the Australian Renewable Energy Agency (ARENA).
Sources have reportedly told local news outlets that over 140 people have been laid off from the CQ-H2 project, which was expected to reach a final investment decision (FID) this year.
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