Fortescue Future Industries

Australian-based mining giant Fortescue Metals Group has announced it will deploy an additional 2 GW to 3 GW of renewable energy generation and battery storage as part of a more-than $9 billion plan to decarbonise its iron-ore operations by 2030.

Mining magnate Andrew Forrest’s Fortescue Future Industries continues its campaign to be one of the world’s largest clean energy companies, announcing plans to develop a 9.2 GW wind and solar facility in Egypt that will power green hydrogen production in the Arab republic.

Newly appointed CEO of Fortescue Future Industries Mark Hutchinson has made it clear that demand for green hydrogen has already far outstripped the company’s upcoming 2 GW electrolyser factory in Gladstone, Queensland. The announcement of new investments in green hydrogen plants from Fortescue Future Industries is now expected in the near future.

Fortescue Future Industries and Woodside have been selected as the two finalists in the race to develop what could be one of the world’s largest green hydrogen projects, a 600 MW facility in New Zealand’s Southland.

Fortescue Future Industries continues to advance its green energy ambitions, announcing it will provide new funding for Dutch solar PV module maker HyET Solar in a move designed to accelerate a planned expansion of the company’s manufacturing plant in The Netherlands.

Iron ore magnate Andrew Forrest’s Fortescue Future Industries has purchased three cattle stations in Western Australia’s northwest on which it plans to construct a renewable energy hub to both decarbonise its mining business and export green hydrogen and green ammonia.

The deal between Fortescue Future Industries and E.ON, one of Europe’s largest energy network operators, will see the Australian company deliver five million tonnes of green hydrogen to Germany, the Netherlands and other European cities by 2030. “For us, it’s a minimum $50 billion expenditure. And that is one I welcome,” Fortescue founder Andrew Forrest said at press conference in Berlin overnight.

Fortescue Future Industries and Airbus have formed a partnership, saying they will work together to realise a green hydrogen-based aircraft by 2035.

Australian-based mining giant Fortescue has commenced the development of an electric train that recharges itself using gravity after the resources company this week settled its $310 million purchase of UK-based technology and engineering services business Williams Advanced Engineering.

Fortescue Future Industries says the first electrolysers to be manufactured at the facility, early next year, are earmarked for use in Queensland at FFI’s planned green-hydrogen-to-ammonia project on Gibson Island.