Australian Mining Company Invests $6 Billion To Build Green Hydrogen Plant In Ceará

Written by Valdemar Medeiros

Published on 08/07/2021 at 12:30

Governo do Estado assina mais um memorando por polo de hidrogênio verde – Créditos: udop

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Fortescue Future Industries, A Subsidiary of Fortescue Metals Group, Invested US$ 6 Billion in Building a Green Hydrogen Plant in Ceará

Fortescue Future Industries (FFI), a subsidiary of Fortescue Metals Group, a global leader in the iron ore industry, invested US$ 6 billion to build a green hydrogen plant in Ceará. This is due to the promising outlook for the sustainable source, which is estimated to have a demand of 200 million tons by 2030.

Green Hydrogen Plant in Ceará Will Be Part of the Green Hydrogen Hub

FFI signed a memorandum of understanding with the government of Ceará this Wednesday (7). The plant will be part of the Green Hydrogen Hub at the Pecém Industrial and Port Complex.

The mining company’s goal is to complete the construction as soon as possible in order to operate by 2025 and produce about 15 million tons of H2V by 2030. According to the CEO of the company, Julie Shuttleworth, FFI aims to make green hydrogen the most traded energy commodity in the world and also boost the use of green energy, maximizing renewable energy resources worldwide to produce sustainable electricity.

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Other Investments by the Miner in H2V

Fortescue has other investments in green hydrogen plants, in addition to Ceará, with the goal of achieving net-zero emissions by 2030. The mining company plans to begin construction later this year on a plant for the production of green ammonia derived from H2V in Tasmania, Australia.

In addition to these investments, in March, the mining company had already signed a similar memorandum with the government of Rio de Janeiro to operate at Porto do Açu, also focused on developing a green hydrogen plant.

The Future Expansion of Green Hydrogen in Brazil

The demand for H2V was 90 million tons in 2020, and by 2030, it is estimated that this number will increase to 200 million tons, according to calculations by the International Energy Agency (IEA).

The study takes into account the replacement of hydrogen currently produced through fossil fuels. The IEA’s director of sustainability stated during last month’s United Nations High-Level Dialogue on Energy Ministerial Forum that Brazil has great potential for green hydrogen and that several companies are already playing important roles in this sector.

Australian Mining Company Invests $6 Billion To Build Green Hydrogen Plant In Ceará

Fortescue Future Industries, A Subsidiary of Fortescue Metals Group, Invested US$ 6 Billion in Building a Green Hydrogen Plant in Ceará

Read Also

Green Hydrogen Plant in Ceará Will Be Part of the Green Hydrogen Hub

Other Investments by the Miner in H2V

The Future Expansion of Green Hydrogen in Brazil

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Australian Mining Company Invests $6 Billion To Build Green Hydrogen Plant In Ceará

Fortescue Future Industries, A Subsidiary of Fortescue Metals Group, Invested US$ 6 Billion in Building a Green Hydrogen Plant in Ceará

Read Also

Green Hydrogen Plant in Ceará Will Be Part of the Green Hydrogen Hub

Other Investments by the Miner in H2V

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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