Australian state-owned energy company Stanwell Corporation has pulled out from a major green hydrogen project at home, which was planned to host nearly 2.9 GW of electrolysers, while also ceasing its broader involvement in hydrogen development.
“Stanwell has discontinued its involvement in the Central Queensland Hydrogen Project project and other hydrogen development activities,” the company noted in a brief press statement published on Sunday.
CQ-H2 was planned at Aldoga, near Gladstone. The project was implemented by a consortium led by Stanwell and also comprising Japanese companies Iwatani Corporation and Marubeni Corporation, as well as Singapore’s Keppel Ltd.
Stanwell’s announcement follows a decision by the government of the state of Queensland to withdraw its support for the initiative. At the time, the Australian energy firm said that the consortium was considering the state’s move, adding that Stanwell itself was also reviewing its involvement in other hydrogen projects.
“The CQ-H2 project has been a valuable international collaboration that has provided important technical and commercial knowledge to support the future large-scale commercialisation of renewable hydrogen,” Stanwell said further in the Sunday statement. (June 30, 2025, Source: https://renewablesnow.com/news/stanwell-pulls-out-of-gw-scale-queensland-green-hydrogen-project-1277685/)
AUSTRALIA - GREENH2 - Production