Fortescue Future Industries is taking a global leadership position in green energy and green technology, with a vision to make green hydrogen the most globally traded seaborne commodity in the world. During the quarter FFI achieved the followingReceived planning approval from the Queensland Government for the Global Green Energy Manufacturing Centre in Gladstone, Queensland. The first stage development is an electrolyser manufacturing facility with initial capacity of two gigawatts per annum with investment of up to US$83 millionAnnounced a Memorandum of Understanding with UK-based construction company JCB and Ryze Hydrogen for the purchase of 10 per cent of FFI's global green hydrogen productionEntered into a Master Development Agreement with the State of Papua New Guinea that will enable FFI to undertake feasibility studies on a portfolio of major green energy and hydrogen projectsEntered an agreement with AGL Energy to undertake a feasibility study to repurpose infrastructure at the Hunter Valley Liddell and Bayswater coal-fired power stations to generate green hydrogen from water, using renewable energyAdvanced green fleet development with the arrival of two additional four-stroke locomotives at the research and development facility in Hazelmere, Perth for testing on the new fuel system; and in January 2022 announced the purchase of two new battery electric locomotives for delivery in 2023Successfully completed the first phase of studies with Incitec Pivot Limited to convert the Gibson Island ammonia production facility to be powered by green hydrogenSuccessfully designed and built its own electrolyser, adding to a number of new electrolyser technologies that FFI has developed.
Fortescue Future Industries is taking a global leadership position in green energy and green technology, with a vision to make green hydrogen the most globally traded seaborne commodity in the world. During the quarter FFI achieved the followingReceived planning approval from the Queensland Government for the Global Green Energy Manufacturing Centre in Gladstone, Queensland. The first stage development is an electrolyser manufacturing facility with initial capacity of two gigawatts per annum with investment of up to US$83 millionAnnounced a Memorandum of Understanding with UK-based construction company JCB and Ryze Hydrogen for the purchase of 10 per cent of FFI's global green hydrogen productionEntered into a Master Development Agreement with the State of Papua New Guinea that will enable FFI to undertake feasibility studies on a portfolio of major green energy and hydrogen projectsEntered an agreement with AGL Energy to undertake a feasibility study to repurpose infrastructure at the Hunter Valley Liddell and Bayswater coal-fired power stations to generate green hydrogen from water, using renewable energyAdvanced green fleet development with the arrival of two additional four-stroke locomotives at the research and development facility in Hazelmere, Perth for testing on the new fuel system; and in January 2022 announced the purchase of two new battery electric locomotives for delivery in 2023Successfully completed the first phase of studies with Incitec Pivot Limited to convert the Gibson Island ammonia production facility to be powered by green hydrogenSuccessfully designed and built its own electrolyser, adding to a number of new electrolyser technologies that FFI has developed.
