Gladstone Hydrogen project gets $228 million in funding from Fortescue
Fortescue Energy, has approved a $228 million investment in its hydrogen project in Gladstone, Queensland as part of Queensland’s renewable energy expansion. This project will support in creating over 8,900 jobs including roles in construction, trades and engineering.
Gladstone offers a unique combination of industrial infrastructure and access to renewable energy sources with access to the region’s export facilities. The Gladstone Hydrogen project will make the area a centre for new jobs, training and opportunities. The initiative aligns with the Queensland government’s vision for becoming a leader in renewable energy production and export while simultaneously contributing to supporting the local workforce.
Fortescue Energy chief executive Mark Hutchison stated “The Gladstone PEM50 project in Queensland will produce hydrogen at an industrial scale, allowing us to demonstrate the high quality of Fortescue’s own hydrogen systems.
The company envisions Gladstone as a hub for large-scale hydrogen production, with the potential to meet both domestic and international demand. This aligns with global efforts to develop hydrogen as a clean energy carrier capable of decarbonizing various sectors, including transportation, industry, and power generation.
The economic impact of Fortescue’s hydrogen project extends beyond job creation in Gladstone. The initiative has the potential to position Australia as a major player in the emerging global hydrogen market, fostering innovation and attracting investments. Additionally, the project aligns with the broader goal of enhancing energy security by diversifying Australia’s energy mix and reducing reliance on traditional fossil fuels.
