Parkway forges ahead with CSG brine developments

Parent company Parkway Corporate says its Queensland Brine Solutions (QBS) business is making significant progress and has launched a dedicated website to support stakeholder engagement. Parkway intends to lead the development of several strategic brine processing-related projects in Central Queensland through QBS. It aims to convert waste brine and salts produced by Queensland’s coal seam gas industry into saleable industrial products. The company said the development and integration of the facilities it was proposing were expected to provide the only viable long-term beneficial brine processing solution available to the CSG industry in Australia. Related: Tech breakthrough delivers value from CSG waste brine In an update to the ASX, Parkway said significant progress was being made in relation to planning, evaluation, approvals, engagement of key stakeholders and other important activities. "Whilst it’s taking a little longer than we had anticipated to be able to release further details as we are awaiting relevant consents, I’m pleased to advise we have nonetheless been using this time constructively, to continue to advance our various work streams," managing director and chief executive officer Bahay Ozcakmak said. "Importantly, as we get deeper into the details of what an industry-wide brine management solution would look like, the more our conviction in a QBS-led solution, continues to grow. "The feedback we are receiving from our various stakeholders, including from industry, supports our assessments and is assisting us build momentum towards rolling out our plans, which we continue to expect, in time, will be considered best available technology (BAT) for the CSG industry." Key elements of the QBS proposal include: QBS Brine Management Complex (QBMC): Building on an existing agreement, Parkway is negotiating a long-term lease agreement to establish the QBMC at a strategic upstream location in Central Queensland. Parkway said preliminary techno-economic evaluations continued to support its assessment of a robust business case for the planned project developments. QBS Brine Electrolysis Complex (QBEC): Parkway recently disclosed that it had executed a binding term sheet with an industrial-scale project developer in relation to the potential co-location and development of a proposed QBS brine electrolysis complex on the developer’s existing project site. The company said a planned media release regarding the brine electrolysis complex had been temporarily delayed, to provide relevant government stakeholders with an appropriate opportunity to review the potential implications of co-location. Integrated Brine Processing Complex: Given Parkway’s aspirations to build a highly integrated brine processing value chain in Central Queensland, in addition to the planned QBMC and QBEC sites, QBS is also developing a project plan for a further project site, which may enable the processing of a broader range of brines, in addition to CSG-derived brines. This land is the subject of a competitive process. The new QBS website can be found at: www.qldbs.com ,

Parkway forges ahead with CSG brine developments

Industry Queensland

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