QEM Limited provided the following update on the development of its Julia Creek vanadium and oil shale project in North Queensland and assessment of green hydrogen opportunities on site at the project.
QEM Managing Director Gavin Loyden said he was delighted to see the key aspects of the Company’s clean energy strategy advancing.
QEM confirms that DNV Australia (“DNV)” has successfully completed the first stage of a pre-feasibility study (“PFS”) into power generation from solar and wind resources, as part of the Company’s broader assessment into the production potential of green hydrogen on site at QEM’s Julia Creek project.
The PFS, which was announced to market on 8 April 2021, encompassed solar and wind resource mapping, a preliminary solar photovoltaic (solar PV) system design, as well as a preliminary wind turbine layout. The first stage focused on the wind farm aspects, with DNV modelling a detailed wind resource map, incorporating the Julia Creek project specifications and relevant constraint parameters. Based on this wind resource map, DNV has developed a preliminary wind farm layout with a rated capacity of 126 megawatts, consisting of 21 wind turbine generators.
DNV has also identified an area supporting a complementary solar farm. It is currently finalising the second stage of the PFS, which is investigating the solar resources, with anticipated completion by the end of the month.
DNV has recommended further wind studies, including monitoring on-site wind speeds, to provide enhanced confirmation of this indication. This first stage provides a positive indication of the viability to develop a wind farm in conjunction with other renewable energy sources to power green hydrogen production on site.
Source: S&P Capital IQ 2021
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