Queensland halts investment in green hydrogen project backed by Marubeni, Keppel

Australian state's new government reduces focus on decarbonization efforts

20250203N Hydrogen Iwatani

Iwatani is one of several Japanese companies involved in hydrogen projects in Australia.  © AAP

RURIKA IMAHASHI

SYDNEY -- Australia's Queensland state government said on Monday it will halt further investment in a hydrogen project that includes Japanese trading house Marubeni, amid mounting headwinds against renewable energy worldwide.

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