Queensland reforms Gas Supply Bill to remove barriers to hydrogen
The Queensland Parliament has passed the Gas Supply and Other Legislation (Hydrogen Industry Development) Amendment Bill 2023, paving the way for a substantial expansion of the hydrogen industry in the state.
The bill is set to unlock a wealth of opportunities for Queensland's economy and workforce, with an estimated 10,000 new jobs and a staggering $33 billion in economic activity projected by 2040.
The legislation isn't just about economic gains, though; it's designed with a keen eye on environmental safeguards. Queensland aims to balance growth with the preservation of its natural environment, signaling a commitment to sustainable development.
Central to the bill's objectives is the promotion of renewable hydrogen. This form of hydrogen is produced using green energy sources such as solar and wind power, making it a vital tool in the fight against climate change. Queensland is positioning itself as a leader in renewable hydrogen production.
One of the key provisions of the legislation is the safe transportation of renewable hydrogen and other gases through pipelines within Queensland. This infrastructure is crucial for supplying hydrogen to various industries, including heavy haulage, shipping, and aviation, which are looking to reduce their carbon emissions.
Queensland has over 50 hydrogen initiatives in progress. Notably, the Stanwell Corporation-led CQ-H2: Central Queensland Hydrogen Project in Gladstone is poised to contribute a substantial $17.2 billion in hydrogen exports over a 30-year period.
Queensland is also home to the Green Energy Manufacturing Centre, the world's largest hydrogen electrolyser manufacturing facility. This facility is equipped to produce 2 gigawatts of electrolysers annually, more than doubling the current global production capacity.
The state has joined forces with neighboring regions, such as Victoria and New South Wales, to establish a hydrogen refueling network for heavy transport along the eastern seaboard. The opening of the first publicly accessible hydrogen refueling station at the BOC Bulwer Island site in Brisbane marks a significant step in this initiative.
The Queensland government has further announced the construction of a $1 billion Fitzroy to Gladstone pipeline, a project expected to secure water resources for existing industries while unlocking new job opportunities in the renewable hydrogen and manufacturing sectors.
Dr Fiona Simon, CEO of the Australian Hydrogen Council is supportive of the reforms.
“The Australian Hydrogen Council welcomes the progression of regulatory reforms in Queensland, which are critical for the hydrogen industry to plan and invest with confidence," she said.
“It is important that states and territories address legislative barriers and extend regulation where appropriate to support the safe production, transportation and use of hydrogen.”
