- Fortescue Future Industries (FFI) will pursue the construction of a large hydrogen and ammonia production complex in Egypt.
- The complex is to be supplied electricity by 9.2 GW of wind and solar capacity.
Fortescue Future Industries (FFI), an Australian company, is set to pursue the construction of a large hydrogen and ammonia production complex in Egypt. The complex is to be supplied electricity by 9.2 GW of wind and solar capacity.
Andrew Forrest, an Australian billionaire FFI’s chairman and founder, discussed the company’s plans with the President of Egypt Abdel Fattah El-Sisi during a meeting over the weekend. The conversations were held ahead of the COP27 climate meeting in November, which is to be hosted by “Egypt’s excellent wind and solar resources can generate the renewable energy required to produce large-scale green electricity, green hydrogen and green ammonia,” Forrest said.
Specific details about the Austragroup’s proposal were not available. However, last month, it signed a Memorandum of Understanding (MoU) with Egyptian authorities to conduct studies on green hydrogen production in the Arab Republic.
FFI, the green energy business of Australian iron ore company Fortescue Metals Group Ltd, is targeting the production of 15 million tonnes of green hydrogen per year by 2030. The company has embarked on a series of opportunities at home and globally to back the plan.