State-owned energy company Stanwell has announced it will withdraw from a planned hydrogen project bound for the regional Queensland city of Gladstone, as well as all other hydrogen developments.
The $14.75 billion (US $9.6 billion) CQ-H2 project was intended to be a main player in the federal Labor government’s net zero arsenal, with a predicted output of 200 tonnes of renewable liquified hydrogen by 2029, before producing up to 800 tonnes daily by the early 2030s.
