Fortescue Future Industries set to ink major hydrogen supply deal with Covestro

Australia’s Fortescue Future Industries (FFI) is set to supply high-tech polymer materials supplier Covestro with up to 100,00 tonnes of green hydrogen equivalent annually, under the terms of a new agreement announced today (Jan 17).

Focused on the supply of green hydrogen and its derivatives, including green ammonia, the agreement could see Asia, North America and Europe each benefit from the FFI deliveries, which could commence by 2024.

It is hoped that with the new energy supply, Covestro will reduce its greenhouse gas emissions by up to 900,000 tonnes of carbon dioxide annually, by replacing its currently used grey hydrogen with a green source.

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