Mining Billionaire and Queensland Pair for Hydrogen in the World

Mining billionaire Andrew Forrest has continued to expand Australia’s renewable export industry after partnering with the Queensland Government to establish a hydrogen mega production center on the state’s central coast.

Forrest’s Fortescue Future Industries (FFI) is $ 114 million to help transform Gladstone into an international hub for both the production of green hydrogen production equipment known as “electrolytic cells” and the production and export of hydrogen itself. Is thrown in.

“We want to not only export resources, but also develop a manufacturing industry that can manufacture electrolytic cells in Queensland,” says Parasekuk.

“Queensland is in an ideal position in the world because of its proximity to our large export-hungry Asian markets,” said Queensland Prime Minister Anastasia Parashek. Said Reporter.

Forrest, who became known for diplomatic failures about China last year, said the development would allow manufacturing to “return to the Australian territories”, hiring thousands of people in the process. Said it will be created.

FFI praises green hydrogen as an important resource for decarbonization of the transportation, energy and industrial sectors as a whole. Gas can be produced by passing an electric current through water to produce hydrogen, making the process completely carbon dioxide-free, or “green.”

Epoch Times Photo
Andrew Forrest, Chairman of Fortescue Metals, visiting the Christmas Creek mine site in Pilbara, Western Australia, April 15, 2021. (AAP Image / Pool, Justin Benson-Cooper)

“This initiative is an important step in Fortescue’s transition from a highly successful pure iron ore producer to a more successful green renewable energy and resource power,” Forrest said. Media release..

Forest’s renewable resource-centric investment includes Australia’s 1 gigawatt (GW) solar power plant (the first solar-powered country in a sunlit country) and the world’s largest 20 GW to power Singapore. We have already formulated a plan for the solar power plant.

In Queensland, Origin Energy has signed a contract to supply Kawasaki Heavy Industries with 36,500 hydrogen, and Stanwell and Iwatani have exported up to $ 4.2 billion in hydrogen.

Epoch Times Photo
On October 26, 2020, a cubic meter tank containing liquid hydrogen was installed at the Kobe Port Island Plant in Kobe, Japan. A special shipping terminal has been built to import liquid hydrogen from Australia. (Etienne Balmer via Getty Images / AFP)

However, FFI has partnered with Incitec Pivot to quickly track feasibility studies that use this site to generate up to 50,000 tonnes of hydrogen annually and evaluate whether it can be converted directly to green ammonia.

“Green” ammonia, also produced using a carbon-free process, can be used as both fertilizer and fuel for long-distance cargo ships.

Given that “80% of all ships visiting Australia go straight through the waters of Queensland,” Forrest said Queensland is in an ideal position and ammonia replaces the contaminated fuel normally found on ships. Said it could be very important.

“Given that the fossil fuels that power these ships are made from the absolute debris of the fossil fuel sector, fuels that suffer from sulfur and pollution … it flows into the ocean,” Forrest told reporters. rice field.

“But green ammonia is the world’s first and easiest and best solution to the horrific pollution of marine transport. Here you can make green ammonia. You can put it on board a ship sailing in the waters of Queensland. It can help decarbonize and decontaminate the world’s oceans. “

Daniel Kumerev