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Australian Fortescue Future Industries to build 250MW green hydrogen plant in Tasmania : Biofuels Digest

The project is targeted for an investment decision by the Fortescue Board in 2021.
As highlighted in the Tasmanian Government’s Renewable Hydrogen Action Plan, Tasmania is well-positioned for the development of a green hydrogen industry due to the State’s low-cost, reliable renewable energy and excellent port and water infrastructure.
The Tasmania project envisages the construction of a 250 MW green hydrogen plant at the Bell Bay Industrial Precinct, with the capacity to produce 250,000 tonnes of green ammonia per year for domestic use and international export.
An economic analysis completed by Deloitte found that the first 250MW stage could deliver a net $2 billion increase to gross state product over the life of the project. ....

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Fortescue Future Industries signs Option Agreement with TasPorts for land and operating access for green hydrogen plant

Fortescue Future Industries signs Option Agreement with TasPorts for land and operating access for green hydrogen plant
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Fortescue puts aside $400m for new hydrogen, wind and solar projects

18 February 2021
Fortescue Metals is set to funnel at least $400 million into renewable energy technologies such as wind, solar and green hydrogen, as it ramps up its push to be one of the world’s biggest clean energy companies.
That would come on top of around $100 million of investment this financial year. If the iron ore price remains high, the $400 million figure could be several hundred million dollars higher by the end of the financial year.
The iron ore miner unveiled a massive half year profit on Thursday of more than $4 billion, thanks to sky high iron ore prices. It’s been a bumper year for all Australian iron or miners, thanks rocketing demand from China and little competition from the other main iron ore producing country, Brazil. Fellow iron ore producers Rio Tinto and BHP have announced similarly massive profits this month. ....

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