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Fortescue Multinational Is Advancing Sustainability and Now Plans to Invest in a Green Hydrogen Plant in Ceará. The Information Was Released by Camilo Santana, Governor of the State
The Australian multinational Fortescue, after signing the investment memorandum with the Government of the State of Ceará, plans to build the company’s first green hydrogen plant in the world. The estimate is that around US$ 5.8 billion will be invested in the state. The information was revealed exclusively by Camilo Santana, Governor of Ceará. According to the State manager, Fortescue’s goal is to produce, in Ceará, the fuel that is presenting itself as a bet of the new global energy matrix. The State Governor, Camilo Santana (PT), discussed the topic in an interview with O POVO CBN radio on the morning of Thursday, March 31.
Fortescue Representatives Will Come to Ceará Later This Year
According to Camilo Santana, Ceará can produce and supply the fuel of the future to the entire European continent. The governor also emphasizes Ceará’s potential as a future energy exporter to the world, starting from the Pecém complex. In addition, Camilo highlighted the more than 18 memorandums that the state has accumulated in investments for the construction of green hydrogen plants and that, in the near future, these resources will begin to be allocated in Ceará’s economy.
According to the Executive Secretary of the Civil House of Ceará, Célio Fernando, in a social media post, to boost the start of construction of the green hydrogen plant in Ceará, representatives of the Fortescue multinational would travel to Ceará this week to make the project come to fruition, but due to the commitments of the multinational representatives in Germany and France, the visit was postponed to June without harming the ongoing schedule.
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Multinational Already Announced Investment in Ceará Last Year
Last year, Fortescue had already announced investment in a green hydrogen plant in Ceará. At the time, Julie Shuttleworth, the company’s CEO, stated that the multinational’s mission is to make green hydrogen the commodity of energy most sold in the world and also plans to boost the use of renewable energy by the products industry, leveraging all available resources in the world to produce sustainable electricity.
Agustin Pichot, the multinational’s president for Latin America, recognized Ceará’s potential regarding renewable energy and stated that the state has great port infrastructure and strategic location.
The agreement for the construction of the green hydrogen plant will allow the country’s energy transition for decarbonization. The plant will be part of the green hydrogen Hub in the Pecém industrial and port complex. The company’s estimates are that operations will start in 2025 and that, by 2030, 15 million tons of the fuel will be produced.
Get to Know Fortescue
Founded in 2003, Fortescue has several iron ore deposits and some of the largest mines in the world. The multinational is one of the largest mining companies, with experience in world-class international exploration, and continues to develop operational excellence and innovation capacity to leverage future growth through product diversification and asset development in Australia and globally.
Currently, the company produces 170 million tons of iron ore annually, making it the largest producer of iron ore in the world. With its headquarters located in Perth, Western Australia, the company is committed to the strategic missions established to ensure the solidity and flexibility of its balance sheet, always investing in long-term sustainability and applying low-cost solutions, providing returns to its shareholders.
Diversity is essential for Fortescue, and proof of this is that 24% of its management team is composed of women, and 50% of the board is also made up of women.
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