FFI in a tweet added: “Burning blue hydrogen emits more greenhouse gas than burning fossil fuels themselves. Green hydrogen is the solution that the world needs now.”
Under terms for the “multi billion pound” deal – announced at the critical climate forum of COP26 – JCB and Ryze agreed to purchase 10% of FFI’s global hydrogen production for use in the UK domestic market.
JCB and Ryze will be responsible for the distribution of green hydrogen and development of customer demand in the UK.
Forrest said FFI was on track to produce 15 million tonnes of green hydrogen by 2030 with plans to ramp up the production to 50 million tonnes per year by 2040.
FFI is currently developing several hydrogen production facilities in Australia and around the world including a $8.4 billion project in Argentina which was unveiled yesterday (1 November 2021).
Forrest said: “Our agreement signals the first major shift in the global commercial landscape from fossil fuels towards the real, practical, implementable solution that is green hydrogen.”
He added: “The reduction in greenhouse gas emissions associated with replacing fossil fuel with only 2 million tonnes of green hydrogen is the equivalent of taking over 8 million cars off the road – almost a quarter of the UK’s entire fleet.”
Forrest also took a swipe at Australian energy company Woodside over its recently unveiled H2Perth project which would produce a combination of blue and green hydrogen.
