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Our Story

Since 2018, the four families have worked collaboratively, investing significant time, seed capital and expertise to progress the Iona Project. Built on shared values of trust, integrity, collaboration, courage and respect, the group remains focused on delivering a practical, long-term project that creates lasting value for the beef industry, regional Queensland and future generations.

Our story

The Iona Project originated from a 2018 community forum hosted by the Central Highlands Regional Council to explore the potential for local beef processing infrastructure. A steering committee was established following this discussion, with the four founding members of 148 East remaining as the core group driving the project forward.

Since then, the project has evolved through detailed planning, technical investigations and collaboration with industry, government and regional stakeholders. Today, 148 East continues to guide the project's development through a practical, evidence-based approach grounded in agricultural experience and long-term regional investment.

148 East milestones

November 2018

Community forum held to explore regional processing opportunity

November 2021

148 East established by four Central Queensland cattle families

February 2022

Site selection establishes the foundation for the Iona Project

June 2022

Specialist design team appointed to shape the Iona Project

February 2023

Groundwater validation confirms a secure water supply for the Iona Project

May 2026

Iona Project enters formal development application process following prescribed project declaration

Looking ahead

As the project moves forward, 148 East remains committed to its founding purpose: building an innovative, circular and regenerative platform that strengthens Australia's beef supply chain, supports long-term growth across regional Queensland, and delivers lasting value for industry, community and future generations. We will continue to engage openly with industry, government and the communities of the Central Highlands as the project progresses.

Latest 148 East updates

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Milestones
6 May 2026

Iona Project enters formal development application process following prescribed project declaration

The Iona Project has entered the formal development application process, marking a major milestone as the project moves from planning and design towards construction and delivery.

Community
24 July 2025

What Iona means for Central, Western, and Northern Queensland

Beyond beef, the Iona Project is about regional jobs and economic diversification for a Central Highlands community that leans heavily on coal mining.

Project
21 July 2025

Technology-led design sets a new benchmark for beef processing

The Iona Project is being designed around automation, artificial intelligence and integrated sustainability systems to create a next-generation beef processing precinct.

Project
17 July 2025

Iona Project declared a prescribed project by the Queensland Government

The Queensland Government has declared the Iona beef processing project near Emerald a "prescribed project," fast-tracking approvals for a facility that could process up to 200,000 head of cattle a year.

Milestones
2 February 2023

Groundwater validation confirms a secure water supply for the Iona Project

Groundwater investigations confirmed a secure and sustainable water supply, providing a critical foundation for the long-term operation of the Iona Project.

Milestones
6 June 2022

Specialist design team appointed to shape the Iona Project

148 East appointed specialist advisors to begin the planning and design of the integrated Iona Project, translating the project's vision into a buildable development.

Milestones
2 February 2022

Site selection establishes the foundation for the Iona Project

148 East secured the Iona Downs site in February 2022 following a detailed assessment of location, infrastructure and long-term suitability for an integrated processing precinct.

Milestones
1 November 2021

148 East established by four Central Queensland cattle families

Four founding families formed 148 East to drive the abattoir investment, committing significant seed funding to get the project underway.

Milestones
1 November 2018

Community forum held to explore regional processing opportunity

A community forum hosted by the Central Highlands Regional Council brought local interest together, and a steering committee was formed to explore investment in a regional abattoir.