By Staff Reporter
WINDHOEK, July 10 — Fortescue Future Industries (FFI), an Australian company, has expressed keen interest in establishing a joint venture with Namibia to spearhead the development of green hydrogen projects.
The proposed partnership aims to leverage the expertise of both FFI and Namibia, fostering collaboration in the pursuit of sustainable green hydrogen initiatives. Mark Hutchinson, CEO of FFI, recently held a closed-door meeting with President Hage Geingob to discuss the proposal and apprise him of FFI’s progress in Africa.
The meeting primarily revolved around the intricate details of the joint venture, encompassing modalities, terms and conditions, as well as the acquisition of operational land.
Acknowledging the potential of green hydrogen in addressing socio-economic challenges, President Geingob emphasized the importance of investing in and creating job opportunities. The Presidency stated, “President Geingob recognized the potential of green hydrogen in terms of addressing youth unemployment and stressed the importance of investing and creating job opportunities.”
Hutchinson lauded Namibia’s commitment to green hydrogen and its crucial role in combatting global climate challenges.
FFI, a subsidiary of Fortescue Metal Group, stands as a global green energy company steadfast in its commitment to producing green hydrogen from 100% renewable sources, thereby mitigating carbon emissions.
Namibia’s abundance of renewable energy resources, including solar and wind power, positions it ideally for green hydrogen production. Additionally, the country boasts a robust mining sector, offering potential infrastructure support for green hydrogen projects.
The proposed joint venture between FFI and Namibia carries significant potential, not only for the advancement of green hydrogen in Africa but also for job creation and bolstering economic growth in the country. – Namibia Daily News
