BREAKING NEWS: Queensland is set to revolutionize the energy sector with the launch of Australia’s first comprehensive vanadium battery supply chain. The Crisafulli Government has announced a significant investment of $10 million in Vecco Group’s mine and electrolyte facility, positioning the state as a leader in the global energy storage market.
This groundbreaking initiative will utilize vanadium sourced from Julia Creek to establish a robust pit-to-port manufacturing chain in Townsville. The facility will produce vanadium flow batteries, essential for meeting the surging demands of international energy storage.
Minister for Finance, Trade, Employment and Training, Ros Bates, emphasized the project’s potential to create nearly 600 jobs across North and North West Queensland. “This investment demonstrates our commitment to turning Queensland’s mineral wealth into tangible job opportunities and export potential,” Bates stated.
The project is scheduled to commence early works in 2026, with full operations expected to kick off by 2028. “After a decade of decline, we are now delivering greater opportunities for Queensland businesses on the world stage,” Bates added, highlighting the renewed confidence in the state’s resources sector.
Minister for Natural Resources and Mines, Dale Last, echoed this sentiment, stating that confidence is returning to Queensland’s resources sector following past disruptions. “The Crisafulli Government is dedicated to unlocking the full potential of our resources and manufacturing sectors,” Last said. “By connecting international investors with Queensland innovation, we are creating more jobs for our communities.”
The partnership between Vecco and Idemitsu underlines a strong global confidence in North Queensland’s capabilities to deliver an end-to-end vanadium battery supply chain. Vecco Group Managing Director Tom Northcott noted, “With the support of our partners, Vecco is uniquely positioned to integrate mining and manufacturing, strengthening the downstream supply chain in Queensland.”
This transformative project not only promises to enhance Queensland’s economic landscape but also aims to meet the world’s rapidly growing energy storage needs. The government’s strategic investment is a bold step towards fostering a sustainable and prosperous future for the region.
As preparations ramp up, stakeholders and the community are keeping a close eye on the developments. The Crisafulli Government’s proactive measures signal a new era for Queensland’s resource industry, with job creation and economic growth at the forefront of their agenda.
Stay tuned for further updates as this critical project unfolds, potentially reshaping the future of energy in Australia and beyond.
