Queensland Pacific Metals Ltd (ASX:QPM) has partnered with Blue Energy Ltd to reduce the amount of waste gas in the Northern Bowen Basin, where QPM is.
Among the proposals that it will subsidize is a plan by Honda and battery maker GS Yuasa to invest about 430 billion yen to boost storage battery production.
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Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) is advancing discussions with a number of parties pertaining to debt and equity funding for its green Townsville Energy Chemicals Hub (TECH) Project in Queensland.
The company believes achieving success in the project feasibility stage will increase its value and open doors to funding opportunities for the project construction.
Its funding options include traditional equity investors, strategic investment by partners/offtakers, government grants, including manufacturing grant and R&D tax incentive.
The company is pushing ahead to turn into a producer of battery chemicals in Australia, as well as positioning the TECH Project to be a world-leader in sustainable nickel production as the “exceptional greenhouse gas life cycle data” makes it even more attractive to investors.