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FFI, a global sustainable energy company Fortescue Future Industries (FFI), offers to collaborate with the Namibian government on an investment in the country’s Green Hydrogen industry through a 50-50 partnership. Mark Hutchinson FFI CEO visited Namibia and held closed-door discussions with President Hage Geingob at the State House.
FFI, a global sustainable energy company Fortescue Future Industries (FFI), offers to collaborate with the Namibian government on an investment in the country’s Green Hydrogen industry through a 50-50 partnership. In this regard, Mark Hutchinson, CEO of FFI visited Namibia and held closed-door discussions with President Hage Geingob at the State House. This comes as Namibia is banking on its abundance of sunlight and wind resources, in which it seeks to be Africa’s leading energy distributor and be self-reliant through the development of Green Hydrogen projects
The discussions were to further deliberate on the modalities of how the proposed 50-50 Green Hydrogen Joint Venture can be rolled out, including the terms and conditions as well as the acquisition of prime operational land. Namibia recognised the potential of Green Hydrogen in terms of addressing youth unemployment and stressed the importance of investing and creating job opportunities.
FFI cited increased demand for green hydrogen and green ammonia, a form of renewable energy to which the world is venturing as it shifts from fossil fuels, seeing that Namibia has the potential to serve as the global energy hub, as one of its major drives to assist Namibia. According to details laid out by the company in a letter to Geingob after the Davos meeting in May last year, FFI is seeking to develop a large-scale multibillion-dollar industrial investment spanning the entire energy sector and green hydrogen value chain.
The partnership will create huge industries and employment opportunities. The green industry seeks to employ tens of thousands of Namibians and proposes to establish training facilities. Green Hydrogen projects have the potential of attracting more than US$6 billion in foreign direct investment which is anticipated to generate annual revenues in excess of US$800 million, while also contributing to its much-anticipated Sovereign Wealth Fund.
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https://trendsnafrica.com/green-hydrogen-namibia-anticipates-n10-bn-annual-income/
FFI, a subsidiary of Fortescue Metal Group, is a global green energy company committed to producing green hydrogen, containing zero carbon, from 100% renewable SourceSafe is leading the green industrial revolution, developing technology solutions for hard-to-decarbonize industries while building a global portfolio of renewable energy, green hydrogen, and green ammonia projects. FFI is also leading the world effort to decarbonise hard-to-abate sectors and is responsible for the proposed decarbonisation of one of the biggest resource companies, Fortescue Metals Group, by 2030. The group is heavily involved in the mining of Iron Ore.
