Norwegian-based company, Fortescue Future Industries (FFI), has signed a conditional agreement with Statkraft, Europe’s largest renewable power generator, to provide renewable power to support FFI’s plans for a 300 megawatt green hydrogen and green ammonia facility.
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The agreement is part of FFI’s goal to become a leader in green hydrogen and green ammonia production to help support global decarbonisation efforts.
The agreement is conditional upon a positive Final Investment Decision for the Holmaneset Project, which is currently in the feasibility phase.
FFI is conducting environmental, viability, and social studies to ensure the project concept is in line with Norwegian regulations, FFI’s environmental and social policies and values, and international good practice.
