After signing a non-binding memorandum of understanding, the two companies have agreed to explore opportunities to produce and distribute green hydrogen in New Zealand. Together, they will conduct feasibility studies to assess existing energy assets, as well as potential new areas of operation.
The new partnership is in addition to the agreement FFI entered with Channel Infrastructure in 2021 to investigate the feasibility of green hydrogen production, storage and distribution from the Marsden Point fuel terminal.
Not only will the production of green hydrogen improve energy security, it will also play an important role in reducing emissions, as well as bolstering the economy by creating more local jobs.
“Integrating green hydrogen into NZ’s current energy mix gives our country the best available balance of energy security, energy equity, system resilience and environmental sustainability,” Paul Goodeve, the CEO of Firstgas, said.
According to Felicity Underhill, FFI’s director of Australia East and New Zealand, the company is pleased with the new partnership.
“Partnering with companies like Firstgas enables us to combine FFI’s global experience and expertise in green hydrogen, with strong local knowledge and existing infrastructure. We’re particularly inspired by the strong alignment of purpose between FFI and Firstgas to help decarbonise New Zealand.
“I look forward to working with Firstgas to investigate the development of projects that include the distribution of green hydrogen and assist New Zealand with its decarbonisation plans,” Underhill said.
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