Fortescue secures German off-taker for five million tonnes green hydrogen per year
By on March 30, 2022
Fortescue Future Industries and German energy giant E.ON have signed a significant hydrogen supply & distribution agreement this week. Aiming to begin as quickly as possible, by 2030 FFI will ramp up supply to 5 million tonnes of green hydrogen to Europe per year for distribution by E.ON.
Five million tonnes represents one-third of FFI’s current green hydrogen production target for 2030. It’s also a significant step up from their last off-take agreement signed in January: 100,000 tonnes per year for the German polymer manufacturer Covestro.
Two major international companies are joining forces to build a “hydrogen bridge” from Australia to Germany and the Netherlands, based on shared values and the joint capability of realising the scale of such a project. Two together make decarbonisation possible for many, which is an encouraging message.
Leo Birnbaum, E.ON CEO in FFI’s official press release, 29 March 2022
We are foreseeing a rapidly increasing demand for renewable GH2, especially in our industrial “Mittelstand” client base in the regions we serve. Therefore, we look forward to unlocking the potential of this totally green, climate friendly energy source for our customers and are pleased to work towards building a secure value chain with a strong partner like FFI. Together our ambition is to quickly diversify the energy system in Germany and the Netherlands.
Patrick Lammers, E.ON COO in FFI’s official press release, 29 March 2022