Set to be based in Gladstone, the multi-gigawatt-scale electrolyser factory will have an initial capacity of 2GW per annum, roughly 200,000 tonnes of green hydrogen per year, and be developed with an initial investment of $83m.
FFI said the project will see construction of what it believes to be the world’s largest electrolyser and will see a total investment of $650m.
At the start of this construction, phase one of the project will include a $114m investment in the electrolyser facility with plans to scale this further in the future.
The several growth stages include green manufacturing technology such as cables, batteries, wind turbines and solar panels to enhance the capabilities of the facility for hydrogen production.
Dr. Andrew Forrest, Chairman of Fortescue Future Industries, said, “The GEM will become an epicentre for Queensland’s green hydrogen ambitions, building on Gladstone’s skilled workforce and great foresight in industrial master-planning including a world class port.
“The world is moving on from fossil fuels and the green industrial revolution is underway. Fortescue Future Industries’ game changing electrolyser facility in Gladstone is putting Queensland at the centre of this revolution, which is creating an entirely new industry and thousands of multi-generational jobs for Australians.”
Annastacia Palaszczuk, Premier of Queensland, said, “As a result of this project and others like it, Gladstone will become a world leading hub for the manufacture of electrolysers – vital to the production of renewable hydrogen.
“The partnership we’ve forged with Twiggy and his team will create local jobs, support our economic recovery and create an advanced manufacturing industry in Gladstone that doesn’t exist anywhere else in the country.
“There is no doubt that the hydrogen industry will play a key role in future employment, investment and export opportunities for Queensland.”
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