QLD Government has the following program in place, wonder if QPM is looking to have the project investment ready in numerous stages and access some of this funding..Low Emissions Investment PartnershipsThe $520 million Low Emissions Investment Partnerships (LEIP) program is bringing forward investment in projects that will drive down emissions in Queensland’s highest emitting facilities.The program’s focus is on reducing emissions from Safeguard Mechanism facilities in the metallurgical coal sector, which has a critical role in producing the steel needed for renewable technologies.
The LEIP program aims to:Fast-track emissions reductions, with a preference for abatement that goes beyond the Australian Government’s Safeguard Mechanism requirements and is delivered before 2030.Increase resource optimisation and maximise the beneficial use of gas resources.Maximise economic opportunities and workforce development in regional Queensland. Develop low emissions knowledge within the sector and diffuse low emissions technology in Queensland.We are forming meaningful partnerships with industry by taking a tailored approach to addressing the different abatement challenges and opportunities within the sector.
Latest News (under the QLD gov Low Emissions Investment Partnerships)
August 2024 – Partnership formed with Stanmore Resources to deliver a new 20MW gas to electricity power station at the South Walker Creek mine
September 2024 – Partnership formed with Kestrel Coal Resources to deliver a new 30MW coal mine waste gas power project at the Kestrel Mine
EligibilityProponent
To be eligible for the program, a proponent must:
• eithero own or operate a Queensland coal mining facility ▪ to which the Safeguard Mechanism applies and ▪ for which most of the net coal output is metallurgical coal o have an arrangement* with a Queensland coal mining facility as describedabove • be a legal entity • have or be eligible to register for GST and an Australian Business Number (ABN).Project eligibility
For a project to be eligible for funding it must: • deliver, or have potential to deliver, scope 1 emissions*reduction for the relevantcoal mining facility • be investment ready* • demonstrate technical feasibility • align with the objectives of LEIP.
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