Queensland Pacific Metals Limited received Significant Investment Project status to support progress of the $2 billion Townsville Energy Chemicals Hub (TECH) at the Lansdown Eco-Industrial Precinct in Townsville.
Artist impression of the Townsville Energy Chemicals Hub (TECH)
The TECH will supply nickel and cobalt materials to General Motors for use in electric vehicles, as well as LG, one of the world’s largest battery manufacturers, and POSCO, one of the world’s largest steel manufacturers.
Significant Investment Project status is assigned under Queensland Treasury’s Significant Investment Facilitation (SIF) Program to support projects of economic significance to Queensland. The SIF aims to ensure such projects are provided with the necessary support from government to facilitate prospective investment in Queensland.