Fortescue Inks Pact with TasPorts for Land forGreen Hydrogen Plant
Australian iron ore giant Fortescue Metals Group Ltd’s 100% renewable green energy and industry initiative Fortescue Future Industries Pty Ltd has signed an Option Agreement with Tasmanian Ports Corporation Pty Ltd to exclusively negotiate all land and operating access requirements for its proposed 250 megawatt green hydrogen plant in Bell Bay in Northern Tasmania, marking an important milestone in the development of this world leading project. FFI CEO Ms Julie Shuttleworth AM said “FFI’s Tasmania green hydrogen project could be one of the world’s largest green hydrogen plants when commissioned, creating a significant export market for green hydrogen from Australia. The signing of this agreement with TasPorts marks the beginning of a ground-breaking partnership, aiming for the first export of green hydrogen from an Australian port. “After investing in research and feasibility studies, we are serious about utilising Tasmania’s comparative advantage in renewable energy generation.”
The project is targeted for an investment decision by the Fortescue Board in 2021.
As highlighted in the Tasmanian Government’s Renewable Hydrogen Action Plan, Tasmania is well-positioned for the development of a green hydrogen industry due to the State’s low-cost, reliable renewable energy and excellent port and water infrastructure.
The Tasmania project envisages the construction of a 250 MW green hydrogen plant at the Bell Bay Industrial Precinct, with the capacity to produce 250,000 tonnes of green ammonia per year for domestic use and international export.