Site items in: Papua New Guinea

Fortescue Future Industries powers ahead on green ammonia
Article

Fortescue Future Industries has been hitting the Ammonia Energy headlines of late. All of these various announcements point towards a singular target, announced in June by Fortescue Chairman Andrew Forrest: the supply of 15 million tonnes green hydrogen to global markets by 2030. Taken on their own these are significant steps, but COP26 was also the stage for a number of other significant ammonia and hydrogen-related announcements by FFI. Over the last fortnight we've seen the launch of green ammonia production projects in Papua New Guinea, Jordan & Argentina, buyers announced for a full 10% of FFI's global green hydrogen production, a partnership to decarbonise aviation and more developments in the electrolyser space.

Fortescue Making Major Move into Green Energy
Article

Last week the Sydney Morning Herald featured this headline: "Fortescue to take on fossil fuel giants with expansion into green energy." Bold words, but it turns out the headline does not overstate Fortescue’s ambitions for its new business, Fortescue Future Industries (FFI). “FFI will finance, develop and operate renewable energy projects including green hydrogen and green ammonia plants,” the accompanying story says, with the "aim to build 235 gigawatts of installed energy capacity.”