Global investment firm Quinbrook Infrastructure Partners is backing a Queensland-based green iron project which could use hydrogen produced by a 2.5GW project in the Australian state.
Quinbrook has partnered with Central Queensland Metals (CQM) which holds the exploration permits for a large magnetite deposit in Gladstone, dubbed Eulogie, to sponsor detailed evaluation and testing.
If Eulogie is viable, Quinbrook hopes the estimated 465 million tonnes of ore “with attractive characteristics for low-cost extraction,” could be turned into green iron using green hydrogen.
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