Gladstone leads green methanol revolution

Queensland Treasurer and Minister for Trade and Investment Cameron Dick has welcomed a Memorandum of Understanding (MoU) to further the commercialisation of methanol production by using green hydrogen in Gladstone.

Mitsubishi Gas Chemical Company (MGC) and Cement Australia (CA) will apply MGC’s newly developed Circular Carbon Methanol production technology to capture carbon dioxide from CA’s Gladstone Plant. The Treasurer said the MoU is an important step on the journey towards the commercial production of green methanol.

“This joint feasibility study into the $150 million first-stage green methanol plant underlines the strong investment climate created by the Government’s $62 billion Queensland Jobs and Energy Plan,” Dick said.

“It also shows the array of potential opportunities for new and emerging industries to build a footprint in Gladstone.”

The Treasurer met with MGC representative director and president Masashi Fujii during his trade mission to Japan. Phase one of the commercial operation is expected to start in