FORTESCUE FUTURE INDUSTRIES

» Green fleet operations launched on March 20 at an empty warehouse near Perth Airport.

» Funded by

10 per cent of Fortescue Metals Group’s net profit. Allocated $Us1bn in 2020/21 financial year, spent $US122M. Plans to spend up to $US600M this financial year.

» Already have developed a hydrogen-powered mining truck and locomotive more than halfpowered by ammonia, a transportable form of hydrogen.

» Along with a mining drill and excavator, these prototypes are expected to be tested at

Fortescue mines next year – using engines equivalent to the dieselpowered alternative.

» Fortescue founder and chairman Andrew Forrest and his team visited 47 countries in 2020, identifying access to about 300 gigawatts of renewable energy.

» Australia has about 70GW of grid-connected power.

» Target is to provide 235 gigawatts of energy from renewable energy, ramping up to more than 650GW.

» This involves hydropower, wind and solar projects, along with supplying 15m tonnes of green hydrogen by 2030, ramping up to 50m tonnes annually.

» Fortescue wants to replace its mining fleet with hydrogen power. Diesel-powered trucks now account for 537,000 tonnes of FMG’S greenhouse gas emissions, while other heavy mining equipment accounts for 746,000 tonnes.