Funding to flow towards new pipeline of Queensland hydrogen projects
Applications are now open for the Palaszczuk Government’s $15 million Hydrogen Industry Development Fund, which will support sustainable and renewable hydrogen projects across the state.
Speaking from the 16th annual BIO World Congress in Des Moines, Iowa, Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the investment will help create new job and export opportunities.
“Queensland is recognised as a nation leader when it comes to bioenergy policies and growing sustainable energy industries like hydrogen,” Mr Dick said.
“Our state is open for investment, which is why the Palaszczuk Government is eager to invest in the local businesses and projects driving our hydrogen revolution.
“Over the next four years, the Palaszczuk Government will invest $15 million to support the development of renewable hydrogen projects in Queensland.
“The Hydrogen Industry Development Fund is part of our recently released Queensland Hydrogen Industry Strategy 2019-2024, and will help position Queensland at the forefront of renewable hydrogen production in Australia by 2030.”
Gladstone Mayor Matt Burnett, also in Des Moines for the BIO World Congress, said the development fund was another positive step forward for the diversified energy industry in Central Queensland.
“Our region has substantial strategic advantages when it comes to new energy sources like hydrogen and gas,” Cr Burnett said.
“Initiatives like this fund are crucial to growing a sustainable hydrogen industry in Queensland, and will lead to more regional employment opportunities and better economic outcomes.”
Mr Dick said the Palaszczuk Government wants to see Queensland become a hydrogen exporter of choice to the world.
“With our solar, wind and biomass resources, existing gas pipeline infrastructure and first-class export facilities, Queensland is the perfect place to grow a renewable hydrogen industry,” he said.
“Our government is working hard to drive this industry forward, to create more local jobs, especially in our regions, and a stronger state economy.”
Following this expressions-of-interest period for the fund, shortlisted applicants will be invited to submit a detailed application.
Applications for the Hydrogen Industry Development Fund close 21 August 2019.