FFI signs agreement with JCB and Ryze Hydrogen
Fortescue Future Industries (FFI) will become the largest supplier of green hydrogen (GH2) to the United Kingdom after signing a multi-billion-pound deal with construction giant J C Bamford Excavators (JCB) and Ryze Hydrogen (Ryze). Under a memorandum of understanding signed today prior to the climate conference, COP26, JCB and Ryze will purchase 10 per cent of FFI’s global green hydrogen production.
FFI’s green hydrogen production is anticipated to grow to 15 million tonnes of GH2 per year by 2030, accelerating to 50 million tonnes per year in the next decade thereafter.
Under the partnership, FFI will lead the green hydrogen production and logistics to the UK market, and JCB and Ryze will manage green hydrogen distribution and development of customer demand in the UK.
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