E.ON, Fortescue Future Industries Partner to Supply, Distribute Green Hydrogen in Europe
March 29 2022 - 7:39AM
Dow Jones News
By Giulia Petroni
E.ON SE and Australia's Fortescue Future Industries Pty. Ltd.
said Tuesday that they signed a memorandum of understanding to
jointly supply and distribute hydrogen from renewable sources in
Europe.
The companies plan to deliver up to five million tons a year of
green hydrogen to the continent by the end of the decade. They will
work in collaboration with the German and Australian
governments.
"This historic partnership marks E.ON's and FFI's broader
ambition to lead the decarbonization of Europe and to strengthen
security of green energy supply at a time when Europe needs to
reduce its energy dependence on fossil fuels from Russia as quickly
as possible," the companies said.
Fortescue Future Industries is fully owned by resources company
Fortescue Metals Group Ltd.
Financial details of the partnership weren't disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 29, 2022 08:24 ET (12:24 GMT)
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