On May 26, Singapore's Keppel Corp announced the signing of two agreements to expand its efforts in the development of green hydrogen and ammonia production for use in Australia and export to Asia.
The Singaporean conglomerate has agreed to join the Central Queensland hydrogen (CQ-H2) project consortium, which is building a hydrogen production facility and other related infrastructure in Central Queensland.
According to the company, the CQ-H2 project is one of Australia's largest green hydrogen projects, and the consortium includes Japan's Iwatani Corp, Kansai Electric Power, and Marubeni Corp, among others.
Keppel also announced the signing of a memorandum of understanding with Australia's Incitec Pivot to help leverage the availability of large-scale, reliable green hydrogen supply from the CQ-H2 project in Gladstone, Queensland.
"This innovative international partnership with Keppel is one of several decarbonisation projects we are progressing as part of our ambition to be net zero by 2050," said Incitec CEO Jeanne Johns.
According to Keppel, the MoU will look into the development of a green ammonia production facility in Queensland, Australia for both domestic and international consumption, as well as an end-to-end export supply chain to Singapore and Asia.
"Keppel's strong track record in developing and operating large-scale energy and environmental infrastructure, combined with the expertise and experience of our esteemed partners, will enable us to produce, store, and transport green hydrogen and ammonia in a safe, scalable, and cost-competitive manner for end-users in Australia, Singapore, and globally," Cindy Lim, CEO of Keppel's Infrastructure Division, said.
"We are delighted Keppel and Incitec Pivot have chosen Gladstone for their green ammonia production facility," Treasurer and Minister for Trade and Investment Cameron Dick said, "This will open exciting and significant export possibilities, let alone regional jobs."