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Fortescue Future Industries given green light for $650m electrolyser production facility

Fortescue Future Industries given green light for $650m electrolyser production facility

Fortescue Future Industries (FFI) has revealed today (Nov 17) that it has been given the green light to develop a world leading electrolyser facility to boost hydrogen production in Australia.

Set to be based in Gladstone, the multi-gigawatt-scale electrolyser factory will have an initial capacity of 2GW per annum and be developed with an initial investment of $83m.

Read more: Fortescue unveils major green hydrogen plans for Queensland, Australia

FFI said the project will see construction of what it believes to be the world’s largest electrolyser and will see a total investment of $650m.

As well as this, FFI wants start construction of the green energy manufacturing facility in February next year (2022), with the first electrolysers scheduled off the production line in early 2023.

Dr. Andrew Forrest, Chairman of Fortescue Future Industries, said, “Gladstone is going to be at the centre of Queensland’s green energy revolution with the first electrolysers scheduled to enter production in 2023.

“This project will not only be a gamechanger for green manufacturing in regional Queensland, it will also provide a major boost for the local economy and indelibly put Queensland as an epicentre of the coming green industry revolution.”

Julie Shuttleworth, CEO of Fortescue Future Industries, said, “This manufacturing facility in Gladstone will be a major hub in Queensland’s growing hydrogen industry and we are pleased to be working with the State Government on pioneering green hydrogen manufacturing in Gladstone.

“The project will boost the Australian economy and create local jobs for Queenslanders as we transition away from fossil fuels.

“Receiving planning approval from the State Government brings this project even closer to fruition, as we work towards commencing construction on the first stage in February 2022.”

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