23 Aug Forrest and former PM Turnbull form Green Hydrogen Organisation
Fortescue Metals Group chairman Andrew Forrest and former Australian Prime Minister Malcolm Turnbull have formed an international body to promote the use of green hydrogen around the world.
The Green Hydrogen Organisation (GH20) advocates clearer boundaries between green hydrogen made using renewables, and supposedly ‘clean’ hudrogen as a by-product from the fossil fuel sector, such as blue hydrogen, which is made from fossil gas linked to carbon capture and storage (CCS).
In its mission statement, GH20 said green hydrogen needs its own organisation to represent it at a global level, as it requires a fundamentally different set of policy settings and investment decisions to fossil fuel hydrogen.
GH20 co-founder Forrest lobbied for Australia to set a target for green hydrogen as a means to reach net zero emissions by 2050 in a speech at a Clean Energy Council webinar this week.
“This is our last chance to slow, then stop, the planet cooking. I am not in the doomsday business; I’m an optimist, and I am in the solutions business. My answer is renewable green hydrogen,” Forrest said.
“The answer isn’t to stop mining iron ore, which is critical to the production of steel, and to humanity. The answer is green zero-emissions energy to make all iron ore and steel.
“If it is not renewable green, don’t be fooled by any other colour-coded spin. Any other colour than renewable green is dirty hydrogen,” he added.
Forrest’s Fortescue Future Industries (FFI) subsidiary plans to produce 15 million tonnes of renewable green hydrogen per year by 2030.