Australia's FFI, Indonesian steelmaker sign decarbonisation pact
SUMMARY
Fortescue Future Industries (FFI) and Gunung Raja Paksi will study how green hydrogen and green ammonia could be used to help decarbonise the latter’s steelmaking factories.
By Shardul SharmaAustralia’s Fortescue Future Industries (FFI) and West Java-based steel company Gunung Raja Paksi will investigate how green hydrogen and green ammonia could be used to help decarbonise the latter’s steelmaking factories, FFI said on November 14.
According to the MoU signed, the two companies will seek to identify mutually beneficial opportunities to collaborate on green hydrogen and/or green ammonia technology and implementation, as well as offtake opportunities.
They plan to launch a technical feasibility study to explore opportunities to use green hydrogen and/or green ammonia as an alternative fuel source to transform the upstream steelmaking process, which includes direct reduced iron and hot briquetted iron, as well as the modification of the existing and future steelmaking process at GRP’s steel-making plant at Bekasi, in West Java.
A taskforce featuring employees from both companies will start work immediately following the signing of the MoU with a view to signing a binding a framework agreement in due course, FFI said.
The volume of green energy supplied to GRP by FFI will be determined through the technical feasibility study. This green hydrogen is likely to come from some of FFI’s first projects in Australia.
