Fortescue Unveils Green Investment Framework
The title of this post, is the same as that of this article on Mining Weekly.
This is the first paragraph.
Iron-ore major Fortescue Metals this week launched its Sustainability Financing Framework, enabling the future issuance of green and social debt instruments that will support investments in eligible green and social projects.
I have to admit, that I thought something like this might happen, after seeing all the Fortescue Future Industries publicity on a bus, which I wrote about in Green Hydrogen Can Save Us. But Waiting For It Won’t.
I did say this in that post.
Andrew Forrest is intending to get his message across to the City.
But I didn’t take any action.
I can see other companies and investment trusts following Andrew Forrest’s lead.
Fortescue Future Industries As A First Mover In Global Green Hydrogen And Next Generation Mining Equipment
The title of this post, is the same as that of this article on International Mining.
This is the most significant sentence in the article.
Fortescue has set an industry leading target to be carbon neutral by 2030.
The article details how Andrew Forrest’s company intends to do it.
I found the article a fascinating read.
Port Of Açu And Fortescue To Explore 300MW Hydrogen Plant In Brazil
The title of this post, is the same as that of this article on H2Bulletin.
This is the first paragraph.
Brazilian ports have been attracting foreign investors to benefit from its abundant renewable resources. Porto do Açu Operações SA has recently started exploring opportunities to become a hydrogen production hub in Brazil, which H2Bulletin exclusively covered in its recent article.
The location of the Superport of Açu is shown on this Google Map.
Açu is marked by the red arrow and is about 300 km. from Rio de Janeiro.
Over the last year or so, I’ve noticed several ports declare the intention of becoming hydrogen hubs.
- Hydrogen can be used to power dock vehicles, tugs, work-boats and ships.
- Hydrogen can be used to support local businesses with high energy needs.
- In the future hydrogen may power freight trains to and from the port.
Do ports feel hydrogen is a good way to decarbonise?
Do Ports Make Good Hydrogen Hubs?
Consider.
- Ports and their staff are used to handling cargoes of all types including gases, chemicals, liquids and liquified gases.
- They generally have space for the tanks to store hydrogen.
- They have a good electrical connection for an electrolyser to create green hydrogen.
- They have lots of uses for hydrogen.
Any excess hydrogen can be exported to someone who needs it.
It seems to me, that a port is a good place for a hydrogen hub.
Fortescue Expands Green Energy Into PNG
The title of this post is the same as that of this article on Perth Now.
This is the first paragraph.
Mining magnate Andrew “Twiggy” Forrest’s Fortescue Future Industries plans to develop more than a dozen hydropower and geothermal energy projects in Papua New Guinea.
Other points from the article include.
- Green hydrogen and ammonia will be created.
- This will create a domestic and export industry for a country that relies heavily on imported oil.
- Papua New Guinea will become a leader in the world’s renewable energy transition.
- The target is 2.3 million tonnes of green hydrogen a year.
There is also a commitment to the various communities of Papua New Guinea of training, employment and business development opportunities.
I estimate that to produce 2.3 million tonnes of green hydrogen a year, would need around 600 MW of electricity twenty-four hours a day on every day of the year.
Fortescue Future Industries Acquires Xergy Assets To Develop Hydrogen Tech Company
The title of this post, is the same as that of this article on Stockhead.
These are the first two paragraphs.
Andrew Forrest’s Fortescue Future Industries (FFI) has made yet another bold move in the ‘green-energy’ space with the acquisition of Xergy Inc and Xergy One Ltd’s commercial assets to form a new, wholly owned subsidiary called FFI Ionix Inc.
Poised to operate in the United States, FFI Ionix will function as a technology development company focused on the global commercialisation of hydrogen technologies such as ion exchange membranes for water electrolysis, electrochemical compression, water transmission and fuel cells.
It certainly appears that Andrew Forrest is building a company to handle all aspects of the production and use of green hydrogen.
He has signed deals with Argentina, JCB and Jordan.
He has been at COP26.
He is advertising on London’s taxis and at least one bus!
He has been interviewed by The Times.
I await Mr. Forrest’s next green hydrogen deal with interest.
Blue Hydrogen Is Not Clean Energy, Says Mining Tycoon
The title of this post, is the same as that of this article on The Times.
This is the first paragraph.
Producing “blue hydrogen” from natural gas is not a clean energy source and is being wrongly promoted as one by the oil and gas industry, a billionaire mining mogul has claimed.
The mining mogul is Andrew Forrest, who is the second richest person in Australia.
I feel he is only partly right, as there are processes coming through that use a catalyst to split the hydrogen from the carbon.
But like the taxi in the picture at the top of the article with Mr. Forrest, his words are all good publicity.
Incidentally, I do believe that in a few years, we’ll have the technology to use so much carbon dioxide efficiently, that we may see gas-fired power stations used to create both energy and carbon dioxide.
Go-Ahead Group Signs Contract For Its First Hydrogen Fuel Cell Buses
The title of this post, is the same as that of this article on Intelligent Transport.
This is the first paragraph.
Brighton & Hove and Metrobus have ordered 20 hydrogen fuel cell vehicles, which are set to be delivered in June 2022, signalling the Go-Ahead Group’s first order of hydrogen powered buses.
The vehicles are single-decker GB Kite Hydroliner FCEV buses.
These buses can be configured to carry up to ninety passengers and they have a range of up to 640 miles.
The article says these buses are for Faraway-branded express buses, so the long range will enable buses to be garaged centrally and refuelled once a day.
It looks like this could be the first of several orders from Go-Ahead for hydrogen buses.
Hydrogen Fuel Cell Locomotives Ready To Take Over Freight Rail Systems
The title of this post, is the same as that of this article on autoevolution.
The article describes how Canadian Pacific are developing hydrogen-powered freight locomotives.
They are converting a couple of locomotives to run on hydrogen and also building two hydrogen plants; one for green hydrogen and one for blue.
It does look that the Canadians are determined to get it right, so are looking at everything they can.
The article is certainly worth reading.
Green Hydrogen Can Save Us. But Waiting For It Won’t.
I saw the title of this post on the side of a green bus.
Route 43 goes between London Bridge station and Friern Barnet via Bank, Moorgate, Old Street (Silicon Roundabout) and The Angel.
So it goes right through the centre of the City of London.
Andrew Forrest is intending to get his message across to the City.
To find out more, you could always connect to the web site on the bus.
Andrew Forrest’s Fortescue Future Industries Inks Deal With Kingdom of Jordan For Green Hydrogen Study
The title of this post, is the same as that of this article on The West Australian.
I can’t read the contents without subscribing, but I assume the title says it all.
However, I have a few thoughts.
This Google Map shows the Kingdom of Jordan.
Jordan is outlined in red.
The map suggests how hydrogen could be produced.
- I would assume that there is plenty of sun in Jordan and there appears to be plenty of space for solar panels.
- What is the potential for wind energy in the desert?
- It would appear to me, that there are two routes to export the hydrogen. By pipeline across Israel to the Mediterranean Sea or by tanker from a port on the Red Sea, which just creeps onto the map in the South-West corner.
- Perhaps, a giant electrolyser and export terminal could be built near Aqaba, which is Jordan’s only seaport.
What I like about this plan, is that to the North-East and South-East of Jordan, lie the deserts of Iraq and Saudi Arabia. Could these in future be carpeted with solar panels, where the electricity is fed to Aqaba to create more green hydrogen?
Andrew Forrest is a busy man and seems to be organising a one man project to provide the world with green hydrogen.
- I wrote about his deal with Argentina in Australia’s FFI Plans $8.4 Billion Green Hydrogen Project In Argentina.
- I wrote about his deal with JCB in JCB Signs Green Hydrogen Deal Worth Billions.
He is the second richest Australian according to Wikipedia.
I wouldn’t be surprised to see some more hydrogen deals at COP26, where Andrew Forrest is involved.
The Anonymous Widower 