World Fertilizer, Fortescue Future Industries, a wholly owned subsidiary of Fortescue Metals Group, and Porto do Açu Operações SA (Port of Açu), a subsidiary of Prumo Logistica SA (Prumo), have signed a Memorandum of Understanding (MOU) to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil. Read the article online at: https://www.worldfertilizer.com/project-news/19032021/fortescue-future-industries-and-port-of-au-to-develop-green-hydrogen-plant-in-brazil/. Fortescue Future Industries, a wholly owned subsidiary of Fortescue Metals Group, and Porto do Açu Operações SA (Port of Açu), a subsidiary of Prumo Logistica SA (Prumo), have signed a Memorandum of Understanding (MOU) to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil. The best website is Market Index. Iron ore billionaire Andrew Forrest says his company, Fortescue Metals, hopes to be producing green hydrogen at commercial scale as early as … 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. 9 Mar 2021 . At The Big Meet. Fortescue Future Industries (FFI), a wholly owned subsidiary of Fortescue, is driving the development of green electricity, green hydrogen and green ammonia projects. instructions how to enable JavaScript in your web browser. Simmons continues to provide Fortescue with technical support for not only issues that arise during operation but also with changes or improvements that Fortescue requires. This will be the first green hydrogen plant in the country and will place FFI and Açu at the forefront of clean energy production and the green industrialization of Brazil.”. Copyright © 2021 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. How are ASX 200 companies selected? FFI CEO, Julie Shuttleworth, said: “FFI is assessing renewable energy and green hydrogen opportunities globally and will lead and drive the green energy and product industry as we transition away from fossil fuels. Fortescue Chief Executive Officer Elizabeth Gaines said, “Working with our wholly owned subsidiary Fortescue Future Industries, we are assessing clean energy opportunities locally and internationally to capitalise on the important role that green hydrogen will play to ensure the world can meet the Paris 2050 targets. FFI chief executive officer Julie Shuttleworth said “FFI is assessing renewable energy and green hydrogen opportunities globally and will lead and drive the green energy and product industry as we transition away from fossil fuels. We also offer comprehensive global coverage of the most important solar markets worldwide. Further information on data privacy can be found in our Data Protection Policy. The Big Meet 2021 - Adelaide Friday 12 March 2021, 11.00am - 3.00pm, Adelaide Convention Centre. Fortescue Future Industries Pty Ltd (FFI), a wholly owned subsidiary of Fortescue Metals Group Ltd (Fortescue), and Porto do Açu Operações S.A. (Port of Açu), a subsidiary of Prumo Logistica S.A. (Prumo), have signed a Memorandum of Understanding (MoU) to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. ×. For full functionality of this site it is necessary to enable JavaScript. To find out more, please see our Data Protection Policy. Get an overview of major world indexes, current values and stock market data. It employs over 6,000 people across Australia and operates over 5,300 trucks from more than 250 branches nationwide, as well as a range of resource recovery and post collection assets across the country. Prumo is a private Brazilian company controlled by EIG, an institutional investor to the global energy sector. 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. One of the pillars of our vision for the port’s industrialisation are today’s operational energy transition projects and the renewable energy-fuelled green industries of tomorrow. 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 tpy of green ammonia. Legal Notice Terms and Conditions Privacy Policy © pv magazine 2021. pv magazine Australia offers bi-weekly updates of the latest photovoltaics news. Deputy Editor Ammonia news. Jose Firmo, chief executive pfficer of the Port of Açu, said: “The Port of Açu is sailing steadfastly ahead toward the sustainable economy of the future. Fortescue said it will focus more on green energy and that its unit Fortescue Future Industries will develop green electricity, green hydrogen and green ammonia projects in Australia. Fortescue General Manager Eliwana Katie Day recognised at Business News 40under40 Awards. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. instructions how to enable JavaScript in your web browser. Green hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen. “Açu is a gateway between the growing Brazilian economy and rapidly expanding low carbon businesses around the globe. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Updated world stock indexes. FMG iron ore train on Turner River, 2008. “We expect the potential for new green industries at Port of Açu to substantially diversify, broaden and deepen Brazil’s already skilled workforce.”. The opportunity to establish totally new and future large-scale industries will drive growth in the Brazilian economy. Please sign in or become a member for free. “It is exhilarating to collaborate with an international partner of this calibre on such a visionary project. Fortescue Future Industries and Port of Açu join forces to develop green hydrogen plant in Brazil. 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