Fortescue to export green hydrogen

Fortescue Future Industries has signed a global supply contract which will see it ship green hydrogen to Asia, North America and Europe.

FFI signed a memorandum of understanding with Germany-based supplier of high-tech polymer materials Covestro, with the companies intending to enter into a long-term agreement for the supply of green hydrogen and its derivatives, including green ammonia.

FFI will supply Covestro with the equivalent of up to 100,000 tonnes of green hydrogen (GH2) per year, enabling the German company to reduce its greenhouse gas emissions by up to 900,000 tonnes of CO2 per year.

FFI did not say where the green hydrogen would be produced, though it expected the deliveries could commence by 2024.

FFI Chairman Dr Andrew Forrest said: “This is a ground-breaking collaboration which reinforces the power of green hydrogen to accelerate the decarbonisation of some of the most energy-intensive industries around the world.

“FFI and Covestro share the belief that green hydrogen and green ammonia will play a crucial role in enabling companies to reach their climate targets and preventing runaway global warming.”

Forrest said the collaboration would enable Germany to become the world leader in global decarbonisation, green hydrogen and ammonia.

CEO of Covestro Dr Markus Steilemann said, “Our collaboration with FFI underlines our ambition to pioneer the transition towards a circular economy and climate-neutral production.

“Green hydrogen and its derivatives play a key role for the chemical industry, both as an alternative feedstock and a source of clean energy.”

Covestro’s products are used in the automotive, construction, electrical and electronics, wood, furniture, sports and recreation industries.

FFI’s ambition is to grow its green hydrogen production to 15 million tonnes of green hydrogen per year by 2030, accelerating to 50 million tonnes per year in the next decade thereafter.

Picture: Covestro/Dormagen, Germany

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