The Australian Energy Market Operator (AEMO) has released its interim environmental report into the proposed $2.5 billion pipeline dredges and dredging plant.
Key points:The company is proposing to drill the terminal, but is still assessing environmental impactThe AEMO has found that the dredge plant could create a significant environmental impact and that it is likely to lead to an increase in CO 2 emissionsThe report is the latest in a series of reports the company has released since the project was first proposed in 2014.
The company says it is studying the environmental impact of the project, but has not yet been able to complete its work.
The project will be the largest of its kind in the country.
It will create a facility capable of handling a volume of crude equivalent to up to 50 million barrels of oil, the company said.
The pipeline dredged terminal will hold up to 20 million barrels per day.
It has been estimated that the project could create around 200,000 jobs in Queensland.
The AECO’s interim report, published on Thursday, found that “it is likely that the facility will lead to significant increases in CO2 emissions”.
“It is expected that these impacts will be significant, particularly in the context of the proposed terminal location and associated transport of the bulk of the dredged material.”
The project would also increase the total capacity of the terminal to more than 3.5 million barrels, it said.
“The environmental impacts associated with the proposed project have not been fully assessed.”
The company has not set a date for a decision on the site.
The site is at Mount Dora, on the Gold Coast.
The first phase of the pipeline project will take more than 60 months to complete, with a second phase expected to be completed in 2023.
The Northern Gateway pipeline, which would carry Alberta bitumen from the Gulf of Mexico to the Pacific Ocean, was scrapped in favour of the Northern Gateway Pipeline.
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