Australia’s Fortescue Metals Group (ASX:FMG) on Wednesday announced a Memorandum of Understanding (MOU) with Canadian hydrogen company HTEC to establish a supply chain for both domestic consumption and the export of green hydrogen from British Columbia.
The pact aims to facilitate the construction of a green hydrogen and green ammonia production facility proposed to be set up by the Aussie iron ore miner in Prince George. The arrangement will see Vancouver-based HTEC off-take the output of the future plant and thus help establish Canada’s first multi-use export and domestic green hydrogen supply chain. The green fuel will be supplied to the transportation market through HTEC’s network of hydrogen fueling stations.
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The Prince George proposal is currently undergoing environmental review.
Specific details about the potential offtake opportunities are due to be specified once definitive agreements have been reaced. They will be subject to the feasibility assessment and final investment decisions of both companies.
“We commend the governments of Canada and British Columbia for their vision to establish a globally-significant green hydrogen sector and look forward to continuing our discussions with them toward securing this investment,” said Fortescue Canada country manager Stephen Appleton.
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