Fortescue & Port of Açu to Develop Green Hydrogen Plant in Brazil
Fortescue Metals Group Ltd’s wholly owned subsidiary Fortescue Future Industries Pty Ltd and Porto do Açu Operações SA have signed a Memorandum of
Fortescue Metals Group Ltd’s wholly owned subsidiary Fortescue Future Industries Pty Ltd and Porto do Açu Operações SA have signed a Memorandum of Understanding to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil. Signed in late February, the MOU will allow for FFI and Port of Açu to conduct development studies into the feasibility of installing a green hydrogen plant at Port of Açu, Latin America’s largest privately owned deep-water port-industrial complex. Subject to the outcome of the studies, the project envisages construction of a 300 megawatt capacity green hydrogen plant at Port of Açu, with potential to produce 250,000 tonnes of green ammonia per year.
The MOU also lays the groundwork for onsite solar power development projects, as well as offshore wind development projects in the states of Rio de Janeiro and Espirito Santo.
The availability of green hydrogen and renewable power is expected to drive further sustainable industrialisation of the port, including production of green steel, fertilizers, chemicals, fuels, and other sustainably manufactured industrial products.
Port of Açu is the largest privately owned deep-water port-industrial complex in Latin America. In operation since 2014, Port of Açu is managed by Porto do Açu Operações, a partnership between Prumo Logística and the Port of Antwerp International, a subsidiary of the Antwerp Port Authority.