Fortescue Future Industries (FFI), Perth, Western Australia, on Jan. 17 announced the signing of a nonbinding Memorandum of Understanding to supply green hydrogen and its derivatives, including green ammonia, to polymer producer Covestro, Leverkusen, Germany. FFI plans to supply up to 100,000 mt/y of green hydrogen equivalent, starting as early as 2024
The arrangement will enable Covestro to reduce its greenhouse gas emissions by up to 900,000 mt/y of CO2, by replacing gray hydrogen and its derivatives with green hydrogen. The deliveries are earmarked for three potential locations – Asia, North America, and Europe.
FFI’s ambition is to grow its green hydrogen production to 15 million mt/y by 2030, accelerating to 50 million mt/y in the next decade.