Dalrymple Bay Infrastructure Limited (ASX: DBI) (“DBI” or “the Company”) announces today that the DBI Group1 has executed a Memorandum of Understanding2 with North Queensland Bulk Ports Corporation (NQBP), the Brookfield Group and international trading company, ITOCHU Corporation to study the potential for a green hydrogen production, storage and export facility at the Dalrymple Bay Terminal (DBT) at Hay Point in Queensland.
DBI CEO, Anthony Timbrell, said, “The Dalrymple Bay Terminal at Hay Point is an established export port, known globally for its key role in supporting the global steel supply chain. The terminal is ideally placed to develop a green hydrogen facility due to its deep water port, the established Mackay industrial zone, the availability of land and water and position within one of Queensland’s Renewable Energy Zones”
“The Dalrymple Bay Terminal has operated for nearly 40 years and we remain fully committed to maintaining and expanding existing infrastructure to assist our current customers to service the world’s steel sector. The possible addition of new hydrogen-based products to complement our current export position would see DBT play an even bigger role in the export of key resources to satisfy the world’s demand for steel and low carbon energy sources, such as hydrogen. We look forward to engaging all stakeholders during this feasibility study stage.”
It is expected that stage one of the feasibility studies will commence during 2021. DBI is committed to consulting with the community, traditional owners, DBT’s users and other stakeholders as part of the project development process.
About Dalrymple Bay Infrastructure
Dalrymple Bay Infrastructure (DBI) through its foundation asset, the Dalrymple Bay Terminal (DBT), aims to provide safe and efficient terminal infrastructure and services for producers and consumers of high quality Australian coal exports. DBT, as the world’s largest metallurgical coal export facility, serves as a global gateway from the Bowen Basin and is a critical link in the global steel-making supply chain. By providing operational excellence and options for capacity expansions to meet expected strong export demand, DBI intends to deliver value to security holders through distributions, ongoing investment and capital growth. dbinfrastructure.com.au