- The Miles Government's budget will invest $4 million to investigate potential for natural hydrogen, to support a new industry in Queensland
- Together with green hydrogen, an additional hydrogen industry would help Queensland on its path to net zero
- 2024/25 State Budget has invested $90 million in Queensland's resources industry
The Miles Government's State Budget is doing what matters for Queenslanders by prioritising cost-of-living, while also investing in the industries that are driving Queensland's economy.
Speaking in Mackay today, Resources and Critical Minerals Minister Scott Stewart announced the $4 million budget investment was about positioning Queensland to take advantage of new industries and technologies as the world begins to decarbonise.
Hydrogen is a clean, renewable fuel that can be used in transport, power supply and a range of industrial processes.
The extraction of naturally occurring hydrogen is an emerging industry in Australia and internationally and could be a crucial part of the energy mix as Queensland moves to reach a renewable energy target of 70 per cent by 2032.
The study is part of a $90 million Budget injection to support Queensland's resources and natural resources sectors.
As stated by the Resources and Critical Minerals Minister Scott Stewart
"Queensland has always been known for its innovation and willingness to tackle new frontiers," he said.
"We're well placed to develop a green hydrogen industry because of the abundance of sunshine and favourable winds, needed here in Queensland to generate the clean electricity to power the electrolysis process.
"Natural hydrogen extraction is an emerging industry, and it makes sense to investigate whether it can be a viable option for us here in Queensland.
"We will work with leading researchers and organisations across Australia as part of this study and I'm looking forward to reviewing the results."
As stated by Mackay MP Julieanne Gilbert
"This budget will have a huge positive impact for people in Mackay by helping relieve the cost-of-living pressures by delivering cheaper power, cheaper transport, and cheaper ways to buy their first home," she said.
"The only way we can give people a discount on their power bills is because we own our power assets.
"By continuing to invest and diversify into new emerging industries we are creating more jobs as well.
"This investment into clean hydrogen is part of this government's commitment to a better Queensland future."
