Fortescue Future Industries

Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.

Australia’s Fortescue Future Industries has made its first major move in the United States since the passage of the landmark Inflation Reduction Act, outlaying $34.42 million (USD 24 million) to purchase the ‘fast-to-market’ Phoenix Hydrogen Hub being developed in the American state of Arizona.

Australian green hydrogen proponent Fortescue Future Industries and French renewables major Total Eren are among five project developers provided with exclusivity over land in the Northern Territory government’s Middle Arm Sustainable Development Precinct on Darwin Harbour.

With less than 60 days remaining until the next raft of clean energy incentives outlined in the United States’ Inflation Reduction Act take effect, former Reserve Bank of Australia deputy governor Guy Debelle has warned the legislation poses a “material threat” to Australia’s push to become a green hydrogen superpower.

The European Commission says it will set up the new European Hydrogen Bank by the end of this year, with additional plans to hand out 10-year contracts in a new hydrogen auction. Meanwhile, Fortescue Future Industries is setting up a project in Kenya.

After almost four years of delays the solar-wind hybrid 60 MW Kennedy Energy Park in north Queensland is inching towards full operation. Project developer Windlab confirms the final stage of testing and commissioning of the Australian-first hybrid renewable energy project is underway.

Fortescue Future Industries will partner with clean energy company Windlab to develop a renewable energy ‘Super Hub’ in northwest Queensland. The Hub is expected to deliver more than 10 GW of wind and solar power, underpinning the industrial-scale production of green hydrogen from purpose-built facilities.

Australia’s Fortescue Future Industries is reportedly exploring an offtake agreement with what will be the world’s largest PV project as it advances plans to build a $9 billion (USD 6 billion) mega green hydrogen production facility in Brazil.

Australian green hydrogen developer Fortescue Future Industries and Italian gas and electricity giant Enel are set to partner on making green hydrogen cost-competitive with fossil fuel alternatives this decade.

Plans to build one of the world’s largest renewable energy powered electrolysers in Queensland continue to gather pace with the Australian Renewable Energy Agency awarding $13.7 million (USD 8.8 million) to the proponents of the project to help finance a $38 million front-end engineering and design study.