Collinsville is looking to be the centre of a $20 billion renewable energy and ammonia/hydrogen project courtesy of foreign investors.
Three of Korea’s largest conglomerate groups – the Han-Ho consortium of Korea Zinc, Hanwha Impact, and SK Gas - have joined forces to develop a scheme to deliver 3000 megawatts of renewable energy and an export supply chain for ammonia from Collinsville to Korea.
The three companies signed a Memorandum of Understanding (MOU) to develop a supply chain to export more than 1 million tonnes of green ammonia a year by 2032.
Korea Zinc subsidiary Ark Energy is now developing plans to build the ‘3GW renewables hub’ at Collinsville.
The Collinsville green energy hub will cover an area of 190,000 hectares.
Queensland premier, Annastacia Palaszczuk, said the green energy export corridor could create up to 700 jobs.
“When we are talking about the transformation, it is happening in regional Queensland,” the Premier said.
“This MOU signals their intention to develop future green hydrogen and ammonia opportunities in North Queensland which means more local jobs and more investment.”
The exports could be sent to Asia from the nearby Abbot Point port, or from Townsville, according to the Premier.
Daniel Kim, the chief executive of Ark Energy, said “The scale of what we’re embarking upon doesn’t exist today”.
“It is a very historic day for Australia and Korea”.
Details have yet to be confirmed on what will be built in Collinsville.
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