05 Jul Fortescue looks to Djibouti in new green hydrogen partnership
Fortescue Future Industries (FFI) has announced it will partner with the Government of Djibouti to conduct studies with a view to developing green hydrogen production in the small East African country.
The two parties have signed a framework agreement that provides a first step towards the Republic of Djibouti’s first ever production of green hydrogen, positioning it as a future leader in the nascent sector on the African continent.
“Djibouti does not want to miss this historic moment when green hydrogen becomes the fuel for energy transition,” said Djibouti Minister of Energy and Natural Resources Yonis Ali Guedi. “This project has the potential for significant socio-economic impact, in terms of job creation.”
Meanwhile, FFI’s CEO Julie Shuttleworth said the existing solar, wind and geothermal sites in Djibouti, as well as its access to port, makes the country ‘an attractive location for the production of green hydrogen’.
The deal provides FFI access and rights to study the possibilities for further renewable energy development in Djibouti, as well as subsurface gas storage areas and industrial areas.
So far this year, FFI has formed several partnerships around the world, including with E.ON, Qlimate and Liebherr, exploring the development and deployment of green hydrogen technology in several industries.