Fortescue to ink hydrogen deal with Japan

Fortescue Metals Group is set to build a consortium with Kawasaki Heavy Industries and Iwatani Corporation to supply liquid hydrogen into Japan.

The consortium, named the Global LH2 Consortium, will collaborate in building large scale liquid hydrogen production and supply capabilities.

This will involve renewable hydrogen projects in Australia and overseas, with a view to establishing liquid hydrogen supply chains and offtake of liquid hydrogen within Japan.

Fortescue has a portfolio of projects associated with renewable hydrogen production under way, including a feasibility study into a 250 megawatt green hydrogen plant in Tasmania.

Fortescue chief executive Elizabeth Gaines said Japan had been identified as one of the priority north Asian markets for hydrogen exports.

“By leveraging our value chain and market access as well as the skills and capability of our people to rapidly develop complex projects, we believe Fortescue is well placed to meet the future demand of green hydrogen,” she said.

Kawasaki executive officer Eiichi Harada said that Kawasaki was a world leader in the production, storage, shipping and handling of liquid hydrogen.

“In order to contribute to securing a stable energy supply and the preservation of the global environment, Kawasaki is excited to enter into a relationship and business partnership with Fortescue and Iwatani for the establishment of the Global LH2 Consortium,” he said.

Iwatani has built a nationwide hydrogen network from manufacturing to transportation, storage, supply and safety since 1941.

It is Japan’s only liquid hydrogen supplier, boasting an annual production capacity of 120 million cubic metres across six plants and 10 compressed hydrogen plants across Japan.

Iwatani board member Manabu Tsuyoshi said the company was seeking to develop new business models and expand its hydrogen supply capabilities through the consortium.

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