Andrew Forrest, chairman and founder of FFI
Blue hydrogen is ‘greenwashing’ – Forrest
Chairman of FFI says governments should pursue only green hydrogen and pivot away from natural gas as soon as possible
Developing blue hydrogen projects is “greenwashing” and “mind-bogglingly stupid”, according to Andrew Forrest, chairman and founder of Fortescue Future Industries (FFI). FFI is the green energy subsidiary of Australian iron ore miner Fortescue Metals Group, which has earmarked 10pc of net profits to explore green hydrogen projects in Australia, Argentina, Jordan and Papua New Guinea. FFI’s ambition is to grow its green hydrogen production to 15mn t/yr by 2030 and 50mn t/yr by 2040. It has already signed supply deals with German materials manufacturer Covestro and the German government. State policies should pursue only green hydrogen if they want to decarbonise effectively, Forrest told the
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
