Fortescue, JCB, Ryze Hydrogen ink multi-billion-pound hydrogen deal for the UK

Fortescue Future Industries is set to become the UK’s largest supplier of green hydrogen, having inked a multi-billion-pound deal with JCB and Ryze Hydrogen that will see the Australian firm’s hydrogen production grow to 15 million tonnes annually by 2030 and 50 million tonnes in the next decade.

On the eve of COP26, which in now fully underway in Glasgow, UK, the partnership agreed that JCB and Ryze will purchase 10% of Fortescue’s green hydrogen, which will most be produced outside of the UK.

Further to this, the companies have also agreed that an extended offtake agreement will also be evaluated to provide green hydrogen to the European market. They have also said that additional collaboration opportunities will be explored.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...