Billionaire iron ore miner Andrew Forrest’s new hydrogen and renewables initiative says it is delighted by the result of the initial decarbonisation projects centred around green hydrogen and zero emissions power.
Fortescue Future Industries says it wanted to test its hypothesis that there is sufficient 100 per cent renewable energy, hydrogen, ammonia and industrial manufacturing potential for products such as green cement, green fertiliser, green iron and steel, to fully satisfy the world’s needs.
“The company has confirmed that hypothesis,” said Julie Shuttleworth, the CEO of FFI, a wholly owned subsidiary of Fortescue Metals.
“Fortescue is delighted by these results. We have been mulling over hydrogen for more than a decade, becoming confident that hydrogen could be stored and transported as a zero-carbon fuel several years ago.”
Forrest, who led a 50-strong team of experts on a global odyssey in the middle of the pandemic last year, has set extraordinarily ambitious targets for green hydrogen in the scale of hundreds of gigawatts – in his home state of Western Australian, on the eastern seaboard, and globally.
See: Why green hydrogen needs giant egos like Twiggy Forrest
Fortescue CEO Elizabeth Gaines says the company is leading the heavy industry battle against global warming, “transitioning from being a major fossil fuel importer to a significant green and renewable energy and product exporter.”
She cited initial projects in the Pilbara, which will include a solar farm and battery storage at its mine sites, as well as “completely renewable” green hydrogen and green ammonia.
“All of us at Fortescue are committed to its decarbonisation. We are aiming to meet or beat our internal global industry-leading target to achieve carbon neutrality by 2030,” Gaines said.
Shuttleworth says will FFI’s “Green Team” had already achieved “immense” results in the few months they had been together, including establishing a major facility at Hazelmere in Perth that is trialing technology on hydrogen, ammonia and battery power for trains, ships, trucks and drill rigs.
“Our dedicated specialist teams have worked relentlessly to bring our own heavy industry decarbonisation into reality,” Shuttleworth said.
The FFI team listed a number of ground-breaking initiatives, including:
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