At the forefront of the energy revolution, Fortescue recognises the potential of hydrogen to be an important low emission fuel in the future and recently announced in November (2018) a landmark partnership with CSIRO to support the development of a competitive hydrogen industry in Australia.
The centrepiece of the $20m partnership is an investment in CSIRO’s metal membrane technology, which enables ammonia to be used as a carrier material for hydrogen storage and transport.
CSIRO will work with Fortescue to identify, develop and commercialise technologies to support the creation of an Australian hydrogen industry and future global uptake.
The agreement includes commercialisation arrangements for the membrane technology, with a subsequent five-year investment in hydrogen R&D.
CSIRO’s National Hydrogen Roadmap, released last year, provided a coordinated blueprint for growing Australia’s hydrogen industry and found that an economically-sustainable hydrogen industry could soon be a reality.
Speaking at the time of the partnership announcement with CSIRO, Fortescue Chairman Andrew Forrest AO said, “We are at the beginning of an energy revolution and Fortescue intends to be at the forefront of this once in a generation opportunity.”
“As a proud Australian company, we are excited to partner with CSIRO, our nation’s preeminent science and research body, to unlock the potential of hydrogen, the low emission fuel of the future.”
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