Australia’s Fortescue Metals Group, Hyundai and the Commonwealth Scientific and Industrial Research Organisation (CSIRO) will advance scientific collaboration and accelerate the development of renewable hydrogen technology as part of a new partnership.
A Memorandum of Understanding (MoU), signed by the three companies, outlines areas of cooperation that involve the development and future commercialisation of the metal membrane technology (MMT) developed by the CSIRO, supported by a landmark partnership with Fortescue.
Hyundai will seek to demonstrate the viability of the technology for renewable hydrogen production and vehicle fuelling in Korea.
Fortescue Deputy CEO Julie Shuttleworth said, “This important strategic partnership with Hyundai and the CSIRO signals Fortescue’s ongoing commitment to the ramp up of a competitive domestic and global renewable hydrogen industry, to support the transition to a lower carbon future.”
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