QEM (QEM) has signed a project execution strategy agreement with Siecap to advance the company’s green hydrogen strategy and the Julia creek vanadium and oil shale project.
This will allow Siecap to support the progression of a pre-feasibility study on the Julia Creek project.
Under the agreement, specialist project management consultant Siecap will take a management role at QEM to develop an execution strategy for the mining, extraction, processing and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek.
The Julia Creek project, covering 250 square kilometres in the Julia Creek area of the North Western Queensland, offers the potential to deliver energy solutions through the production of energy fuels and vanadium pentoxide.
QEM Managing Director Gavin Loyden:
With the continued progression of our Julia Creek vanadium and oil shale project and green hydrogen strategy, this agreement will streamline our broader business strategy to drive these two intertwined developments forward as efficiently as possible
“Siecap has a deep knowledge of the sector and policy environment QEM operates in, making them the optimal choice to assist us in successfully executing this.”
Siecap will also be responsible for co-ordinating grants and advancing the funding application process for QEM in line with the staged execution strategy.
The company may be eligible for numerous sources of federal and state government funding, ranging from the $2.47 billion Northern Australian Infrastructure Facility to the more industry-specific $24 million Queensland Hydrogen Industry Strategy funding.
Siecap’s Chief Executive David Irvine welcomed the announcement and stated that the company’s Energy and Projects Practice had offered QEM a collaborative approach that allows the team to work side by side with QEM’s management team and technology consultants to optimise the development strategy. “This model has achieved success for our clients and ourselves in recent times because it combines our project development expertise and experience, with our clients’ technical skill base and corporate objectives of bringing new and exciting commodities to market, in support of the low carbon economy” he said.
Highlights:
- QEM (QEM) has signed a project execution strategy agreement with project management consultancy Siecap to advance the Julia creek vanadium and oil shale project and the company’s green hydrogen strategy
- Under the agreement, Siecap will take a management role at QEM to develop an execution strategy for the mining, extraction, processing and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek
- This will allow Siecap to conduct work to support the progression of a pre-feasibility study on the Julia Creek project
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