Fortescue Future Industries (FFI), an Australian investment firm, revealed its engagement in Ethiopia’s green hydrogen and ammonia production for renewable energy at a joint press conference with the Ministry of Finance at the Sheraton Addis.
According to a social media post by the Ministry of Finance, Ahmed Shede, Minister of Finance, expressed his delight that the Australian company Fortescue Future Industries is investing in renewable energy in Ethiopia, and that the government is committed to collaborating with the company to ensure the project’s success.
Ahmed Shede,Minister of Finance also added The project would help the country’s development by encouraging green economy, providing clean energy, creating job opportunities for citizens, and producing renewable energy for the export market.
The government has been in talks with the corporation to launch green hydrogen and ammonia since September 2020, according to the Ministry of Finance, and it would play a critical role in improving Ethiopia’s access to green energy and contributing to the creation of a carbon-free economy. The activity is also helpful to produce fertilizer, cement, and others and the government will provide the necessary support.
According to Fana, FFI CEO Julie Shuttleworth said the company intends to take advantage of Ethiopia’s enormous potential for green energy production and export green energy after meeting domestic demand. “To prevent global warming, our main goal is to produce green hydrogen and ammonia for Ethiopia and the rest of the world.” The company is developing a global portfolio of renewable green hydrogen and green ammonia projects with the goal of producing 15 million tons of green hydrogen per year by 2030, which is a significant goal, and the country is helping.
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