Fortescue signs Japanese hydrogen deal

Fortescue Metals Group has signed a memorandum of understanding (MoU) with Kawasaki Heavy Industries and Iwatani Corporation for the supply of liquid hydrogen to Japan.

The three companies will create the Global LH2 Consortium to establish large-scale liquid hydrogen production and supply capabilities.

Fortescue CEO Elizabeth Gains said the consortium had identified a major growth opportunity through the rise of clean energy.

Fortescue is already involved in several in-development hydrogen projects in Australia, including the development of membrane technology with the CSIRO and a partnership with ATCO Australia to operate a green hydrogen production and refuelling facility in Western Australia.

The Global LH2 Consortium will focus on the development of renewable hydrogen projects both in Australia and overseas while attempting to establish supply chains with Japan.

Iwatani is the number one hydrogen supplier and only liquefied hydrogen supplier in Japan,” said Iwatani Board Member Manabu Tsuyoshi.

“Since we started in the hydrogen business in 1941, we have built a nationwide hydrogen network from manufacturing to transportation, storage, supply and safety.

“In order to expand our hydrogen supply capabilities and to develop new business models, Iwatani is pleased to partner with Fortescue and Kawasaki to establish future global hydrogen supply chains.”

For more information visit the Fortescue website.

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