Fortescue Future Industries Pty Ltd (FFI) (a wholly-owned subsidiary of Fortescue Metals Group Ltd) and the State of Ceará have signed a Memorandum of Understanding (MOU) to explore developing hydrogen products projects in Ceará, Brazil.
Both partners will conduct feasibility studies for building a renewable green hydrogen plant in the State of Ceará. The goal is to produce 15 million tonnes of hydrogen by 2030. The green hydrogen plant will be installed in the Pecém Complex with an investment of US$ 6 billion. The project would create 2,500 jobs during development and around 800 jobs once in operation as of 2025.
FFI aims to make renewable green hydrogen the most globally traded seaborne energy commodity in the world.
Julie Shuttleworth, FFI CEO, said, “We want to drive the renewable green energy and product industry by harnessing the world’s renewable energy resources to produce green electricity, green hydrogen, green ammonia and other green industrial products.”
Agustin Pichot, FFI President Latin America, said, “The State of Ceará has significant renewable energy potential, attractive port infrastructure and is a strategic location.”
Camilo Santana, Governor for the State of Ceará, said, “This means moving the state’s economy and generating jobs for the people of Ceará. Not to mention the contribution to the decarbonisation of the world.”
The Memorandum of Understanding (MoU) will also allow partnerships with local universities to conduct research programs to promote hydrogen-related technologies, train and hire local staff, and retain services and sourcing products locally, where possible. The availability of green hydrogen and renewable power in the State of Ceará will support sustainable industrialisation.