Enel Green Power and Fortescue Future Industries team up to pursue green hydrogen
Enel Green Power release
Rome/Perth, November 2nd, 2022 – Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel’s global renewables arm Enel Green Power S.p.A. (EGP), announced today they will partner together to explore co-development of the green hydrogen value chain with an initial focus on Latin America and Australia.
FFI and EGP share a common view on the key role of green hydrogen to decarbonize hard-to-abate sectors such as fertilizers, other chemicals, steel manufacturing, shipping and aviation, where hydrogen is used as a feedstock or to generate high-temperature heat, and where the abatement of CO2 emissions through electrification is not possible or is more complex. The companies, also through this collaboration, aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this decade.
CEO of Enel Green Power, Salvatore Bernabei, said: “We strongly believe that in the near future green hydrogen can play a strategic role in the decarbonization of global energy systems, complementing direct electrification. This collaboration with a partner such as FFI fully fits within Enel’s hydrogen strategy to reduce the green hydrogen production cost, through the scale-up of technology and through innovative solutions.”
CEO of FFI, Mr. Mark Hutchinson, said: “This exciting announcement comes at a critical moment in energy. As winter approaches, and energy costs continue to skyrocket, competitive green energy costs have never been more needed. Green hydrogen and green ammonia are part of the solution for not only energy security and lower energy costs, but also for fighting climate change. With a strong proven record and dedication in green energy, Enel is the perfect partner to work with to make a green future a reality.”
The announcement of this partnership will support FFI and EGP in their goals to not only diversify future energy supply and increase energy security, but also to help the world in its fight to lower emissions and fight climate change. The collaboration intends to establish a framework for FFI and EGP to identify and assess possible green hydrogen/ammonia projects.
The partnership marks an important milestone for the two partners as they look to bring even more large-scale production sites of green hydrogen and green ammonia to Latin America, as well as to Australia.
Green hydrogen is the only sustainable kind of hydrogen as it does not emit any CO2 during the overall production process, unlike fossil fuel-based hydrogen. It is a practical and implementable solution that can help revolutionize the energy sector: helping to decarbonize heavy industry and to create jobs globally. Ammonia, which is a hydrogen-based compound, can be used to ship and store hydrogen more effectively, reducing required volumes. It is one of the most common chemical feedstocks used to produce fertilizers. Green ammonia can be used to decarbonize the fertilizer and shipping industries.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Petrochemicals (Mexico)
Carbon capture, storage and LatAm's race to net zero
Richard Hares, the carbon management head at global energy consulting firm Sproule, talked to BNamericas about opportunities and challenges in the ...
Grupo Carso's third quarter 2021 results
Grupo Carso's sales increased 21.9%, totaling Ps. 30,158 million.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: FPSO Marlim Sul (P-86)
- Current stage:
- Updated:
1 day ago
- Project: Moquegua Omate Arequipa highway, San Juan San June - Omate and Puquina strech
- Current stage:
- Updated:
2 days ago
- Project: Ibicuitinga II photovoltaic plant (Ibicuitinga solar complex)
- Current stage:
- Updated:
2 days ago
- Project: New Huaycán Hospital
- Current stage:
- Updated:
1 day ago
- Project: FPSO Maria Quitéria (Parque das Baleias)
- Current stage:
- Updated:
2 days ago
- Project: Suburban Train of Saltillo/Coahuilteca (Section Derramadero - Ramos Arizpe)
- Current stage:
- Updated:
1 day ago
- Project: Piura airport modernization
- Current stage:
- Updated:
2 days ago
- Project: Los Llanitos y Jicatuyo hydropower plants
- Current stage:
- Updated:
2 days ago
- Project: Block P-M-1797
- Current stage:
- Updated:
2 days ago
- Project: Block P-M-1737
- Current stage:
- Updated:
2 days ago
Other companies in: Petrochemicals (Mexico)
Get critical information about thousands of Petrochemicals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Fuerza Eólica del Istmo, S.A. de C.V.  (Fuerza Eólica del Istmo)
-
The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: CEI Cables Especiales S.A. de C.V.  (CEI Cables Especiales)
-
CEI Cables Especial is a Mexican provider of low, medium and high voltage electrical cable equipment, with more than eight years of experience in the market, located in the Stat...
- Company: Litoclean Mexico
-
Litoclean Mexico is an environmental engineering firm involved in the development of soil research and decontamination projects, which proposes time- and cost-efficient solution...
- Company: Cydsa, S.A.B. de C.V.  (Cydsa)
-
Cydsa S.A.B. de C.V. (Cydsa) is a Mexican manufacturer and exporter of chemical, plastic and textile products –such as iodizied and fluoridated salt, chlorine, caustic soda, che...
- Company: Bulkmatic de México, S. de R.L. de C.V.  (Bulkmatic)
-
The Mexican company Bulkmatic de México, S. de R.L. de C.V. (Bulkmatic de México) is a división of the American distributor Bulkmatic Transport Company Inc. specialized in the t...
- Company: SERVINTESP, S.A. DE C.V.  (SERVINTESP)
-
EHS Supervision and Management Services, follow-up to ASEA, SEMARNAT, CRE, CNH, and Civil Protection. The company offers services such as Environmental Assessment of Site and En...