FFI and Port of Açu to develop green industrial projects in Rio

Fortescue Future Industries Pty Ltd (FFI), a subsidiary of Fortescue Metals Group Ltd (Fortescue), and Porto do Açu Operations SA, signed a Memorandum of Understanding (MOU) to develop hydrogen-based green industrial projects in Rio de Janeiro.

Signed at the end of February, the MOU will allow companies to conduct feasibility studies for the installation of a green hydrogen plant in Porto do Açu. Subject to the completion of feasibility studies and approvals, the project includes the construction of a green hydrogen plant with a capacity of 300 megawatts and the potential to produce 250,000 tons of green ammonia per year.

The MOU also establishes the basis for the development of solar energy projects on-site, as well as offshore wind energy off the coast of the states of Rio de Janeiro and Espírito Santo.

Individual projects will be developed by FFI with the property and funding sources to be guaranteed separately, independent of Fortescue.

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