‘Quinbrook Infrastructure Partners has thrown its hefty investment weight behind ambitious plans to convert Queensland magnetite ore into green iron, using the state’s vast wind and solar resources and and one biggest renewable hydrogen projects under development in Australia.

The $3.5 billion Gladstone Green Iron project centres on a “world class” magnetite ore deposit and its ready access to what Quinbrook describes as the “exact fundamentals” to produce and export green iron, including existing port and transmission infrastructure and abundant renewables.

In partnership with Central Queensland Metals (CQM), Quinbrook says it will sponsor the evaluation and testing of CQM’s Eulogie vanadiferous titanomagnetite ore deposit, 70km west of Gladstone, to prove its quality and scale.