(Fortescue, ASX: FMG) has today announced Fortescue’s target to achieve carbon neutrality by 2030, ten years earlier than the previous target. Fortescue Metals Group Chairman Andrew 'Twiggy' Forrest returned to Western Australia last week after a 4-month worldwide search for green energy projects and resources. Additionally, the company is rapidly evolving into an executor of green hydrogen projects of … The deal sees Fortescue supply Posco with iron ore, Posco use said ore to make steel, and Fortescue use said steel … Fortescue Future Industries (FFI) – the key enabler of the target FMG is engaged in trialling and demonstrating green hydrogen technologies in world-class operations. Fortescue also said its wholly owned subsidiary, Fortescue Future Industries (FFI), "will be a key enabler" of these targets by developing green electricity, green hydrogen and green ammonia projects in Australia. One of the deals secured on the trip was a circular partnership with South Korean steelmaker Posco. AFFI is one of 17 wholly owned subsidiaries being established for FFI operations around the world. In late February, Fortescue Future Industries Pty Ltd (FFI) signed a memorandum of understanding (MoU) with Porto de Acu Operacoes SA, the operator of Rio’s Port of Acu, to conduct studies into the feasibility of installing a green hydrogen plant at the deep-water port industrial complex. Fortescue Future Industries Pty Ltd (FFI), a wholly-owned subsidiary of Fortescue Metals Group Ltd (Fortescue), and the Government of Afghanistan have signed Deeds of … Fortescue will use its demonstrated capability of adopting innovation and technology to ensure future green energy projects will position Fortescue at the forefront of this emerging industry. Fortescue Metals Group Limited has had a blockbuster year thanks to surging iron ore prices. The company has since committed 10 per cent of future profits towards FFI ... Forrest said in a statement to the ASX. Fortescue Metals Group (FMG:ASX) Market capitalisation: $65.4 billion Three-year total return: +86.1% a year FY22 forecast yield: 8.8% fully franked, grossed-up 12.6% Analysts’ consensus valuation: $23.07 (Thomson Reuters), $23.24 (FN Arena) There are two ASX-listed companies at the forefront of the hydrogen push. Fortescue chief executive Elizabeth Gaines … Fortescue Future Industries (FFI) FFI has been established to explore renewable energy and green hydrogen projects both in Australia and globally. - Fortescue Metals Group (ASX: FMG) has today announced Fortescue’s target to achieve carbon neutrality by 2030, ten years earlier than the previous target. Link to all company details and price history. Turnbull, the former prime minister of Australia, has been appointed as chairman of FFI subsidiary Australian Fortescue Future Industries (AFFI). Search, sort and filter the full list of ASX companies. 1. Fortescue Future Industries (FFI), a wholly owned subsidiary of Fortescue, will be a key enabler of this target through the development of green electricity, green hydrogen and green ammonia
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