Australia’s Fortescue Future Industries (FFI) and Italy’s Enel Green Power (EGP) are partnering up to explore the co-development of the green hydrogen value chain with an initial focus on Latin America and Australia.
Through this collaboration, the companies aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this decade.
The partnership is expected to support FFI and EGP in their goals to diversify future energy supply and increase energy security , and contribute to lowering emissions and fighting climate change.
The collaboration intends to establish a framework for FFI and EGP to identify and assess possible green hydrogen/ammonia projects.
The partnership is said to mark an important milestone for the two partners as they look to bring even more large-scale production sites of green hydrogen and green ammonia to Latin America, as well as to Australia.
CEO of FFI, Mark Hutchinson , said: “ This exciting announcement comes at a critical moment in energy. As winter approaches and energy costs continue to skyrocket, competitive green energy costs have never been more needed.
“ Green hydrogen and green ammonia are part of the solution for not only energy security and lower energy costs but also for fighting climate change. With a strong proven record and dedication to green energy, Enel is the perfect partner to work with to make a green future a reality.”
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Fortescue gets approval for hydrogen facility in Queensland Business Developments & Projects CEO of Enel Green Power , Salvatore Bernabei , added: “ We strongly believe that in the near future green hydrogen can play a strategic role in the decarbonisation of global energy systems, complementing direct electrification.
“ This collaboration with a partner such as FFI fully fits within Enel’s hydrogen strategy to reduce the green hydrogen production cost, through the scale-up of technology and through innovative solutions.”
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