The five proposed projects potentially coming to FID this year. Not long to go now folks. Any one of these could drop.
1. Gibson Island, Australia. With Incitec Pivot Limited, a proposed 550MW green hydrogen and green ammonia facility is currently in the front end engineering design (FEED) stage. Refer to Fortescue Annual Report.
2.Phoenix Hydrogen Hub - In the United States, Fortescue announced their first major move following the passage of the Inflation Reduction Act, investing US$24 million to acquire a 100 per cent interest in the Phoenix Hydrogen Hub. The Hub is a proposed green hydrogen project located in Arizona, with Phase One planned to be an 80MW electrolyser and liquefaction facility, capable of producing up to 12,000 tonnes of liquified green hydrogen annually. Refer to Fortescue Annual Report.
3. Brazil green hydrogen project - HUGE project - see here:
August 08, 2023
https://movimentoeconomico.com.br/economia/energia/2023/08/10/o-ceara-da-mais-dois-passos-para-consolidar-o-hub-de-hidrogenio-verde/
and
August 03, 2023
https://www.bnamericas.com/en/news/fortescue-moves-forward-with-brazil-green-hydrogen-project
July 22, 2023
and here's how the plant will look like and what it might produce. A very good read!
https://diariodonordeste.verdesmares.com.br/negocios/como-sera-a-usina-de-hidrogenio-verde-da-fortescue-no-ceara-conheca-projeto-1.3395577
and
Dec 06, 2022
Environmental clearance for massive solar plant in Ceara, Brazil for Fortescue's plans.
https://taiyangnews.info/markets/environmental-clearance-for-gigantic-4-6-gw-solar-complex-in-brazil/
4. Norway - 300MW project. European Commission funding to Norway FFI, still not clear as to how much. Hopefully news on this front isn't too far off.
Refer to my previous posts below.
https://hotcopper.com.au/threads/news-fmg-fortescue-future-industries-says-fortescue-welcomes-selection-in-eur-3-6-bln-european.7479619/page-2?post_id=68800147
and
https://hotcopper.com.au/threads/news-fmg-fortescue-future-industries-says-fortescue-welcomes-selection-in-eur-3-6-bln-european.7479619/page-13?post_id=68814058
5. Kenya - 300MW project. Another huge project.
March 16, 2023
https://www.esi-africa.com/east-africa/kenya-to-develop-300mw-green-ammonia-and-fertiliser-facility/?utm_campaign=ESI23%20-%20Weekly%20newsletters%20-%20Wednesday&utm_medium=email&_hsmi=69963753&_hsenc=p2ANqtz-99Qu2IOTxeZcE7y4XEzk1E-R_aTE_EKapyMZBZWejyeDm2e31a6f0oEwVdY6ImjSHaReliUMjODfdYwr6kak5HB4h5bA&utm_content=69920459&utm_source=hs_email
and
September 05, 2023
https://www.hydrogeninsight.com/production/eu-pledges-millions-in-grants-for-green-hydrogen-and-derivatives-in-kenya/2-1-1512463
Tony
(20min delay)