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May 2024
13 May 2024
Posted by RICK MCELHINNEY
Proud to announce our partnership with #Greenlink and Everald Compton to run inland rail on #greenfuels produced by using wind, solar and hashtag#biomass. #Greenmethanol can power locomotives and ships. Partnerships like this will benefit regional areas and make #Gladstone the pre-eminent container port in Australia. The announcement comes as a timely last minute reminder to join Sunshine Hydro as a shareholder, if you resonate with our mission and the kind of projects we work on. The offer closes in three days, so act now. Thanks Australian Associated Press (AAP) Adrian Black and The Canberra Times (as well as ACM's 160 regional newspapers) for covering this important story. Here's an excerpt: Mr Compton believes Queensland's port of Gladstone, a coal-focused commodities terminal, could become Australia's major container port as fossil fuel use declines but the berths required for today's massive container ships get deeper and deeper. Only Gladstone and Sydney's Port Botany can take the ultra-large 21,000-plus container vessels but Botany faces distribution difficulties and is further from Australia's trade partners. "We proved that freight by rail can get to Sydney four days quicker than if the boat went on from Gladstone," he said. "And then (to) Melbourne, seven days quicker." If Gladstone became Australia's container hub, then his freight line - now called GreenLink - would become the keystone to connect Inland Rail with the world. "This railway's going to transform the way that freight goes in Australia and it will save the city of Gladstone from demise." Sunshine Hydro's flagship Djandori Gung-i project is modelled to produce an average of more than 99 per cent carbon-free energy. After striking up a partnership with Mr Compton, it will also supply methanol for trains on the Gladstone freight line. "We would be producing 600,000 tonnes of green methanol a day ... so it's about roughly 230 million litres a year," Mr Myer said [of Sunshine Hydro]. "In theory sufficient to run all the trains ... up to about a million movements." Read the story here: https://www.canberratimes.com.au/story/8624969/freight-expectations-inland-rail-fathers-green-dream/ Always consider the general CSF risk warning and offer document before investing.
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Freight expectations: inland rail father's green dream
More than a decade after getting kicked off the nation building project he spearheaded, Everald Compton is back...
www.canberratimes.com.au
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