Fortescue advances Norway green energy project to next stage
SUMMARY
FFI recently completed a scoping study to identify potential locations for the development of green energy and port facilities.
By Shardul SharmaPOSTED IN:
Australia’s Fortescue Future Industries (FFI) has advanced its 300 MW Holmaneset green hydrogen and green ammonia project in Norway to the next phase, it said on February 6.
In partnership with local Norwegian consultants, and in consultation with the Bremanger Municipality, FFI recently completed a scoping study to identify potential locations for the development of green energy and port facilities.
Currently, in the early feasibility phase of the project, FFI is conducting several environmental and social studies to assess its viability and develop a project concept in line with Norwegian regulations.
The project has commenced the zoning plan process, which is a key component of the feasibility phase, FFI said. This process, which will be undertaken in cooperation with the municipality, will include a series of investigations, including an environmental impact assessment.
FFI CEO Mark Hutchinson said Norway has significant potential to lead the way for green hydrogen and green ammonia production based on availability of renewable energy, proximity to the European market, and skilled workforce.
“The development of green hydrogen and green ammonia provides opportunities for Norway to achieve its ambitious goals to reduce European greenhouse emissions and become a leader in the transition to a low carbon society,” Hutchinson said.
