QEM’s hydrogen production plans have taken a step forward, with the ASX-listed company today (20th April) inking a contract with project management specialist Siecap for the effort.
Just last month (15th March) QEM said it is hopes to produce hydrogen at its flagship Julia Creek vanadium and oil shale project by using a green solar-powered electrolyser, and now such goal has been solidified with a contract.
Under the agreement, Siecap will assume a project management role at QEM and will develop an execution strategy for the mining, extraction, processing and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek.
Successful implementation of the project executive strategy will facilitate Siecap conducting work to support the progression of a pre-feasibility study on the Julia Creek project.
To help further advance the project, QEM may also be eligible for numerous sources of federal and state government funding, ranging from the $2.47bn Northern Australian Infrastructure Facility, to the more industry-specific $24m Queensland Hydrogen Industry Strategy funding commitment.
QEM’s Managing Director, Gavin Loyden, said the agreement will strengthen the company’s long-term pathway forward.
“With the continued progress of our Julia Creek vanadium and oil shale project and green hydrogen strategy, this agreement will streamline our broader business strategy to drive these to intertwined developments forward as efficiently as possible,” Loyden said.
“Siecap has a deep knowledge of the sector and policy environment QEM operates in, making them the optimal choice to assist us in successfully executing this.”
Siecap’s Chief Executive, David Irvine, welcomed the announcement and stated that the company’s energy and projects practice had offered QEM a collaborative approach that allows the team to work side by side with QEM’s management team and technology consultants to optimise the development strategy.
“This model has achieved success for our clients and ourselves in recent times because it combines our project development expertise and experience, with our clients’ technical skill base and corporate objectives bring new and exciting commodities to market, in support of the low carbon economy,” he said.
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