Thermax enters green hydrogen market in partnership with Fortescue Future Industries

Thermax Limited, a leading energy and environment solutions provider and Fortescue Future Industries (FFI), an Australia-based green energy and green technology company have signed a Memorandum of Understanding (MoU) to explore green hydrogen projects including new manufacturing facilities in India. Under the MoU, Thermax and FFI plan to explore opportunities to jointly develop fully integrated green hydrogen projects for commercial and industrial customers in India.

The production of green hydrogen at an industrial scale will be a major step forward in decarbonising industries such as refineries, fertilisers and steel.  The MoU between Thermax and FFI also contemplates the potential collaboration of the parties in the development of new manufacturing facilities to support green energy projects in India.

Fortescue Metals Group’s experience in managing large-scale projects in its iron ore business provides FFI – Fortescue’s green energy arm with a strong platform to expand into manufacturing projects in green hydrogen. FFI is in the process of constructing a world-leading Green Energy Manufacturing Centre in Gladstone, Queensland. The first phase of the project involves the construction of an electrolyser manufacturing facility, with a targeted initial output capacity of 2GW per annum.

In February 2023, the Department of Science and Technology (DST) and Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) signed a letter of intent to work together on hydrogen and other clean technologies for a long term basis. The collaboration intends to integrate interventions with indigenous technologies and deploy or calibrate them for Indian conditions.