[ad_1]
Fortescue Future Industries Pty Ltd (FFI), an entirely owned subsidiary of Fortescue Metals, and Porto do Açu Operações S.A. (Port of Açu), a subsidiary of Prumo Logistica have signed a Memorandum of Understanding (MOU) to evaluate the chance to develop hydrogen-based inexperienced industrial tasks in Rio de Janeiro, Brazil.
The MOU will enable for FFI and Port of Açu to conduct improvement research into the feasibility of putting in a inexperienced hydrogen plant at Port of Açu, Latin America’s largest privately owned deep-water port-industrial advanced.
Topic to the result of the research, the undertaking envisages development of a 300 megawatt capability inexperienced hydrogen plant at Port of Açu, with potential to supply 250,000 metric tons of inexperienced ammonia per 12 months.
The provision of inexperienced hydrogen and renewable energy is predicted to drive additional sustainable industrialisation of the port, together with manufacturing of inexperienced metal, fertilizers, chemical substances, fuels, and different sustainably manufactured industrial merchandise.
The MOU additionally lays the groundwork for onsite solar energy improvement tasks, in addition to offshore wind improvement tasks within the states of Rio de Janeiro and Espirito Santo.
FFI Chief Government Officer Julie Shuttleworth commented: “FFI is assessing renewable vitality and inexperienced hydrogen alternatives globally and can lead and drive the inexperienced vitality and product business as we transition away from fossil fuels.
“I’m excited to announce this MOU with Port of Açu. The chance to determine completely new and future large-scale industries will drive development within the Brazilian economic system.
“We anticipate the potential for brand spanking new inexperienced industries at Port of Açu to considerably diversify, broaden and deepen Brazil’s already expert workforce.”
Jose Firmo, Chief Government Officer of the Port of Açu, added: “The Port of Açu is crusing steadfastly forward towards the sustainable economic system of the long run. One of many pillars of our imaginative and prescient for the port’s industrialization are in the present day’s operational vitality transition tasks and the renewable energy-fuelled inexperienced industries of tomorrow.
“Açu is a gateway between the rising Brazilian economic system and quickly increasing low carbon companies across the globe.”
Firmo continued: “It’s exhilarating to collaborate with a global accomplice of this calibre on such a visionary undertaking. This would be the first inexperienced hydrogen plant within the nation and can place FFI and Açu on the forefront of unpolluted vitality manufacturing and the inexperienced industrialization of Brazil.”
Topic to the completion of feasibility research and approvals, particular person tasks will likely be developed by FFI with possession and undertaking finance sources to be individually secured with out recourse to Fortescue.
Prumo is a personal Brazilian firm managed by EIG, a number one institutional investor to the worldwide vitality sector.
[ad_2]
Source link