Over $3bn of potential projects showcased at GEA’s March Industry Update

OVER $3 Billion of potential and approved projects will be highlighted at this month’s Gladstone Engineering Alliance’s Industry Update.

Eaton Estate, developers of the Pacificus Tourism Project on Hummock Hill Island, will present their $2bn project for the first time since the Queensland Coordinator approved the project. 

Eaton Estate director Peter Scarf believes the project will create a new major tourism destination for the Gladstone region and the Southern Great Barrier Reef and said the “project will be privately funded at no risk to the Gladstone Regional Council.”

Australian Future Energy will also present their $1bn Gladstone Energy and Ammonia Project using above ground coal gasification technology, utilising low value unmarketable coal. The Gladstone Energy and Ammonia Project, which proposes to convert low-quality coal into ammonia and domestic gas, is set to be built in the Gladstone State Development Area, near Yarwun, with construction expected to start mid-2020.

“Both projects have the potential to generate a significant amount of opportunities throughout the entire Gladstone community,” GEA chief executive office Julie Gelder said.

“Estimates from Eaton Estate predict construction will directly create an average of 190 jobs on the island per year over the development period and across the wider Gladstone region, they believe project is expected to create an average of 260 jobs per year.

“Australian Future Energy’s proposed project is expected to take two years to build and is tipped to create 1000 jobs with a construction workforce of 800 and an ongoing workforce of 200 for 30 years.”

Starting at 7.30am tomorrow morning at the Yarala Sports Club, Ms Gelder said the GEA is committed to ensuring that our local engineering, manufacturing, resources and supply services adapt and prosper into the future.

“We take pride in encouraging major investment and promoting the vital need for new and upgraded infrastructure in our region,” Ms Gelder said.

“GEA continue to invest in the local business community as well as major industry by fostering improved supplier opportunities and tomorrow’s event will inform our local suppliers about potential up and coming work which will essentially assist them in procurement opportunities and help prepare them for the future.”

The GEA's March Industry Update will host Eaton Estate and Australian Future Energy at the Yarala Sports Centre tomorrow from 7.30am.

Picture: GEA001: Member for Gladstone Glenn Butcher, Eaton Place CEO Peter Scarf, Labor candidate for Flynn Zac Beers and Minister for State Development Cameron Dick announcing the approval of Hummock Hill Island resort last year.  Photo: Gladstone Observer

 

 

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