A consortium of three Korean industrial giants has unveiled plans to develop a green energy export corridor connecting North Queensland to north-east Asia, that will export more than 1 million tonnes a year of green ammonia, and be powered by 3GW of renewable energy generation capacity.
The huge green hydrogen plans of the so-called “Han-Ho H2” consortium were revealed on Wednesday, through the signing of a Memorandum of Understanding between Australian-based Ark Energy and its parent company Korea Zinc, as well as Hanwha Impact and SK Gas.
The plans centre around the development of Ark Energy’s newly announced Collinsville Green Energy Hub, south-west of Bowen, which the companies say will have the potential to generate up to 3,000MW via a mix of wind and solar.
The project is forecast to export more than 1 million tonnes of green ammonia a year from Australia to Korea by 2032.
The Queensland government on Wednesday welcomed the news, hailing the teaming of the three giant Korean industrials as the start of a new green export trade between Australia and Korea.
[Jim Regan and Sophie Vorrath]