Fortescue Future Industries Pty Ltd, IHI Engineering Australia Pty Ltd and IHI Corporation have signed a Memorandum of Understanding for investigation into establishing green ammonia supply chains between Australia and Japan.
Fortescue Future Industries Pty Ltd (FFI), IHI Engineering Australia Pty Ltd (IEA) and IHI Corporation (IHI) have signed a Memorandum of Understanding (MOU) for investigation into establishing green ammonia supply chains between Australia and Japan.
The parties will jointly assess the economic and technical feasibility of supplying green ammonia produced in Bell Bay, Tasmania and transported to Japan for blending into existing power generation. Work under this MOU is an important part of FFI’s feasibility and development program for the 250MW green hydrogen and ammonia Bell Bay project.
FFI Chief Executive Officer Julie Shuttleworth said, “The world’s transition to a clean energy future represents a major growth opportunity and this MOU with IHI and IEA will help position FFI, IHI and IEA at the forefront of the global green industry.
“Japan is a priority market for green ammonia exports,” Ms Shuttleworth said.
“By leveraging our value chain and market access as well as the skills and capability of our people to rapidly develop complex projects, FFI is well placed to meet the future demand of green ammonia.”
IHI President and CEO Hiroshi Ide said “Australia, with an abundance of renewable energy, is a very promising location for large scale ammonia production.”
“IHI will contribute to realizing a carbon-free society by merging our ammonia combustion and production technology together with green ammonia,” Mr. Ide said.
Fortescue Metals Group Ltd (Fortescue) is a global leader in the resources industry recognised for our culture, innovation and industry-leading development of infrastructure and mining assets. We are now drawing on this experience as we rapidly evolve into a world class resources and renewable energy company through FFI.
FFI has a portfolio of projects underway associated with green ammonia and renewable hydrogen production, including:
IHI Corporation is a Japanese heavy-industry manufacturer working in four main business segments—Resource, Energy and Environment; Social Infrastructure and Offshore Facilities; Industrial Systems and General-purpose Machinery; and Aero Engine, Space and Defense.
IHI is proactively involved in both the technological development of the use of hydrogen and ammonia, as well as the development of its supply chain. By providing various solutions in order to realize carbon neutrality, we will contribute to realizing a carbon-free circular society.