Fortescue Future Industries (FFI) and the North Kalimantan Provincial Government of the Republic of Indonesia have signed a cooperation agreement to explore and study the potential for renewable energy and green hydrogen projects. This agreement is a step towards fulfilling the MOU between FFI and the Provincial Government, signed on 12 July 2021.

FFI proposes to produce green hydrogen and green ammonia in North Kalimantan for domestic use and export markets. The potential projects to be further studied under the cooperation agreement will utilize renewable power and will be built in North Kalimantan Province. The proposed projects will provide significant economic benefits to the people of North Kalimantan and are planned to be to the highest standards of social and environmental sustainability. FFI will agree to have a specific focus on increasing local labor expertise and utilization of local goods and services.

Building on FFI’s preliminary study conducted earlier this year, in 2022 FFI will undertake further studies with a view to potentially develop an industrial processing facility that is capable of producing a minimum 600,000 tpy of green hydrogen. The potential development is subject to the outcome of the further studies and Fortescue board approval.

“FFI is supportive of Indonesia’s efforts to decarbonize its economy," said FFI CEO Julie Shuttleworth. "We look forward to working together with the Provincial Government and local communities to help place North Kalimantan at the forefront of developing renewable resources that will power green hydrogen and green ammonia production."