Tag: Orica

Orica and H2U Group has signed a strategic partnership agreement to initiate the first phase of the proposed H2-Hub Gladstone project in Queensland. The proponents said the project has the potential to create over 550 jobs during construction, over 140 ongoing local operational jobs and approximately 1,900 indirect jobs. and attract a $4.7 billion investment during its phased construction. The project is aimed at supporting t a steady transition to renewable energy in Central Queensland and provide the region with the opportunity to capitalise on the developing global green ammonia industry, which is forecast to exceed $50 billion by 20301. Signing a Memorandum of Understanding on a master plan study, both parties will explore opportunities for an exclusive domestic green…

The Australian Government today launched its 2022 Critical Minerals Strategy today as part of a package of measures to develop the sector, while the nation’s resources and energy exports is expected to reach a record high of $379b this financial year. The updated Strategy builds upon the first one published in 2019, which aims to put Australia at the centre of meeting the growing demand for critical minerals by 2030, and is part of the 2022-23 Federal Budget. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical minerals markets. “As the global economy changes, there are exciting new growth opportunities emerging in areas such as rare earths and critical minerals that ultimately mean…