May 26 (Reuters) – Singapore’s Keppel Corp (KPLM.SI) said on Friday it has signed two deals to intensify its efforts in the development of green hydrogen and ammonia production for use in Australia and export to Asia.
The Singaporean conglomerate has signed up to join the Central Queensland hydrogen (CQ-H2) project consortium, which is developing a hydrogen production facility, among other related infrastructure.
The CQ-H2 project is one of Australia’s largest green hydrogen projects and the consortium comprises of Japan’s Iwatani Corp (8088.T), Kansai Electric Power (9503.T) and Marubeni Corp (8002.T), among others, the company said.
Keppel said it has also signed a memorandum of understanding with Australia’s Incitec Pivot (IPL.AX) to help leverage the accessibility of large-scale reliable green hydrogen supply from the CQ-H2 project in Gladstone, Queensland.
“This innovative international partnership with Keppel is one of several decarbonisation projects we are progressing as part of our ambition to be net zero by 2050,” Incitec CEO Jeanne Johns said.
The MoU is to explore the development of a green ammonia production facility in Queensland, Australia for both domestic and overseas consumption, including an end-to-end export supply chain to Singapore and Asia, Keppel said.
“We are delighted Keppel and Incitec Pivot have chosen Gladstone for their green ammonia production facility,” Treasurer and Minister for Trade and Investment Cameron Dick said, “This will open exciting and significant export possibilities, let alone regional jobs.”
Reporting by Riya Sharma and Archishma Iyer in Bengaluru; Editing by Sherry Jacob-Phillips and Shailesh Kuber
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