A developed green hydrogen economy in South Africa could create up to 40,000 jobs and generate US$400 million in GDP and $900 million in taxes per year by 2050, according to the Minerals Council South Africa. “We think that South Africa will become a global player...
Fortescue Future Industries (FFI) will spend US$1.8 million to acquire a 20% stake in Sparc Hydrogen – a technology firm which aims to one day produce green hydrogen from only sunlight and water. The technology arm of Fortescue Metals Group is ploughing significant investment into green...
Fortescue Future Industries (FFI) is currently in talks with industrial chemicals company Incitec Pivot over the conversion of a Brisbane-based ammonia production plant’s energy source to green hydrogen. The Australian companies will conduct an engineering design study on Incitec’s Gibson Island ammonia facility that will detail...
Fortescue Metals Group has announced that its CEO Elizabeth Gaines will stand down as the company ramps up its transition from a pure play iron ore miner into a vertically integrated green energy and resources group. One of Australia’s most prominent female executives, Gaines will remain...
Fortescue Future Industries (FFI) and AGL Energy have agreed to undertake a feasibility study to repurpose infrastructure at two coal-fired power stations in New South Wales to generate green hydrogen. The Liddell and Bayswater power stations currently account for over 40% of carbon dioxide emissions in...
Australia’s Fortescue Metals Group has signed a memorandum of understanding (MoU) with the Government of Argentina which could pave the way for a US$8.4 billion green hydrogen hub in the South American nation. The agreement between Argentina’s President Alberto Fernandez and Fortescue’s founder and chairman Andrew...
ASX-listed Montem Resources has announced it is working on plans to transition its proposed Tent Mountain coal project in Alberta’s Crowsnest Pass region to a sprawling renewable energy complex. The exploration and development company has a keen focus on Canadian steelmaking coal but intends to diversify...
Fortescue Metals Group chairman Andrew Forrest and former Australian Prime Minister Malcolm Turnbull have formed an international body to promote the use of green hydrogen around the world. The Green Hydrogen Organisation (GH20) advocates clearer boundaries between green hydrogen made using renewables, and supposedly ‘clean’ hudrogen as...
An international consortium comprised of developers from Hong Kong and Australia has unveiled plans to use 50GW of wind and solar PV capacity in Western Australia to produce green hydrogen and green ammonia. The Western Green Energy Hub would be built across 15,000 km2 of land optimal...
In a bid to become a net zero carbon company by 2035, Indian multinational conglomerate Reliance Industries will invest US$10.1 billion in clean energy over the next three years. Reliance, which gets 60% of its revenue from oil refining and petrochemicals, will spend 600 billion rupees...