Queensland LNP Walks Away From $12.5 Billion Net Zero Hydrogen Project

The Central Queensland Hydrogen Project is to end after the state treasurer refused to invest more money into it.

The Green Hydrogen Plant built by Spanish company Iberdrola in Puertollano, Spain, on April 18, 2023. Valentin Bontemps/AFP via Getty Images

The dream of green hydrogen production in Queensland is in trouble, with the Crisafulli government turning down a plea from the consortium behind the Central Queensland Hydrogen Project (CQ-H2) for an additional $1 billion toward the construction of the $12.5 billion plant and pipeline.

Backers of similar projects in Western Australia and Tasmania say they are going ahead with their multi-billion-dollar plans.