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Fortescue is currently assessing opportunities within Europe, including Norway, to develop green hydrogen and ammonia projects using renewable energy, such as hydropower. These projects aim to support the development of green energy value chains in Norway and Europe.
Fortescue has entered into a conditional long-term Power Purchase Agreement (PPA) with Statkraft to utilise renewable energy to power an integrated green hydrogen and green ammonia process plant, complete with transmission infrastructure and port facilities, for the transport of green products to the Norwegian and European markets. The PPA grants Fortescue access to renewable energy assigned for industrial use from the NO4 power region, in which the Hemnes Municipality is located.
A Scoping Study was completed in partnership with local Norwegian consultants to identify project opportunities within the NO4 power region. Consideration was given to a range of factors, such as existing grid and power capacity, proximity to existing infrastructure, land availability, water sources, topography, and the local environment and surrounding communities.
The Hemnes Municipality was identified as favourable due to its proximity to a strong grid connection and port accessibility, as well as the regions long history with industry and interest within the Municipality for economic development and diversification.
Fortescue continues to explore locations in Hemnes that have the potential for establishing green hydrogen and green ammonia production facilities. The opportunity is still in the Scoping Phase, while we progress conversations with landowners at potential development locations. Preliminary studies, including geotechnical and environmental, are being undertaken to inform decisions on progressing the project to a Feasibility Phase.
It takes careful planning, time, money, consultation and input from many people and organisations to create a safe, responsible, and viable project. Once a formal decision has been made to progress with a project in Hemnes we will re-engage the broader community to inform of the decision and next steps.
Updates on the Hemnes opportunity will be published on this website on an ongoing basis but if you have any specific questions, please contact us at firstname.lastname@example.org. One of our team members will follow up.
Fortescue aims to build projects that have a long-term positive impact through maximising opportunities to work with and build the capacity of the communities in which we operate. We do this by providing employment, business and training opportunities that support the development of local economies and the establishment of green value chains.
Norway has great potential for green hydrogen and green ammonia production due to the availability of renewable energy, its skilled workforce, supportive political environment, and proximity to the European market. Working together with Norwegian and European partners, Fortescue hopes to contribute to the decarbonisation of hard to abate industries, such as shipping, given Norway’s strong maritime heritage.
Fortescue Norway is pursuing the development of two major green hydrogen and green ammonia production facilities, including exploring opportunities in the Hemnes Municipality in Nordland County and the Holmaneset Project in Bremanger Municipality, Vestland County. The green hydrogen and green ammonia produced by Fortescue in Norway will be supplied to the Norwegian and European markets.The Holmaneset Project is in the Feasibility Phase with the aim to commence construction in 2025 and operations in 2027. It has been recognised by the European Union (EU) as a tremendous opportunity to contribute to Europe’s mission to transition to a clean energy economy. The project has secured an Innovation Fund grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA). Please visit the Holmaneset Project page for more information.
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For further information, please contact us at Norway@Fortescue.com