- Queensland Pacific Metals has entered into a conditional agreement to acquire the Moranbah Gas Project
- Gas from the project will be used for its Townsville Energy Chemicals Hub (TECH) project at Lansdown Eco-Industrial Precinct
- The advanced manufacturing facility will refine ore to produce critical materials for use in new-technology batteries
Queensland Pacific Metals is a step closer to opening its battery metals refinery in Townsville after securing its gas supply by conditionally agreeing to purchase the Moranbah Gas Project.
It comes after the Premier announced the battery metals refinery was announced as a Significant Investment Project and the Lansdown Eco Industrial Precinct was declared a prescribed project.
The Moranbah Gas Project already collects gas from five coal mines in the Bowen Basin and Queensland Pacific Metals says it has the ability to connect to other mines in the future.
Quotes attributable to Minster for Resources Scott Stewart:
“It’s exciting to see Queensland Pacific Metals take on this project which will help progress its TECH facility in Townsville.
“Gas continues to be a key fuel for manufacturing facilities like the Townsville Energy Chemicals Hub.
“The TECH project will create about 800 construction jobs, and during its operational phase there are expected to be an estimated 1700 jobs.
“Townsville is continuing to power ahead through projects like this along with the Palaszczuk Government’s $5 billion investment in Copperstring 2032.”
Quotes attributable to QPM managing director and CEO Dr Stephen Grocott
“Vertical integration of our energy supply for the TECH project is a significant de-risking event that cannot be underestimated.
“This transaction is yet another commercial arrangement that the management team of QPM has been able to orchestrate to bring us one step closer to construction of the TECH Project and to deliver value for shareholders.”
