Australian company Fortescue Future Industries (FFI) has expressed interest in establishing a joint venture with Namibia to develop green hydrogen projects.
The company intends to establish a 50/50 partnership, leveraging the expertise of both FFI and Namibia to develop sustainable green hydrogen projects.
Mark Hutchinson, the chief executive officer of FFI, held a closed-door meeting with president Hage Geingob on Friday to discuss this proposal and update him on FFI’s progress in Africa.
The discussions focused on the details of the proposed joint venture, including the modalities, terms and conditions, and the acquisition of operational land.
According to the Presidency, Geingob acknowledged the potential of green hydrogen in arresting the socio-economic challenges in the country.
“President Geingob recognised the potential of green hydrogen in terms of addressing youth unemployment and stressed the importance of investing and creating job opportunities,” the presidency said in a statement.
Hutchinson commended Namibia’s commitment to green hydrogen and its role in combating global climate challenges.
FFI, a subsidiary of Fortescue Metal Group, is a global green energy company committed to producing green hydrogen from 100% renewable sources, thereby eliminating carbon emissions.
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