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
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe