Found inside – Page 203... 180–1 forecast levels 54–6, 57, 61, 65 future growth in 47–9 held by emerging economies 136 investment in global ... 43–4 sources 71–3 Foreign Investment and National Security Act (US, 2007) 157 Fortescue 144 Fortis 110 Foster, ... Only yesterday, New South Wales introduced the most far-reaching green hydrogen strategy in Australia, with a $3 billion investment to kickstart a globally competitive, local green hydrogen industry. Plus a 60-min podcast!Â. Found insideThese funds are held under various arrangements, though in most cases there are “future funds,” “direct benefit ... 18 A few resource companies and Aboriginal corporations, such as Fortescue Metals Group and Manungurra Aboriginal ... On top of that great State of Queensland, where Fortescue Future Industries, FFI, is making our first major manufacturing investment, New South Wales is also to receive the world’s first green hydrogen energy import and export terminal, as well as a “dual fuel” power station, which will transition from a blend of green hydrogen and LNG to 100% green hydrogen, as GH2 supply increases. The Fortescue share price is up almost 2% at the time of writing, after falling substantially over recent months due to the fall in the iron ore price. They have committed to not finance companies and governments – like ours – without a 2050 carbon neutrality target. It’s no conspiracy, mate. Now compare that to what we currently do, which is import over 90 per cent of our fuel from the Middle East, Asia and Africa, with imported products, leaving our energy security and our standard of living, in their hands. Is the NAB share price good value? Share. 0.96% $14.37 fortescue metals group ltd. Fortescue said that supplies of renewable hydrogen from its Fortescue Future Industries spin-off would serve as a key enabler of its decarbonisation strategy, … From Christie Rossi to Rupert Murdoch, we can all read the writing on the wall. Stellantis will invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the US by 2030. And the number of jobs created will dwarf the current coal mining workforce – which, as the Courier Mail pointed out a few days ago, is actually smaller than the number of workers at Bunnings – will create choices for all of those coal workers. But so does half the world’s investible capital, controlling $120 trillion dollars worth of assets. It produces exactly the same molecules, just there’s no carbon – and much worse, methane – in its production. Australia's largest stock trading and investment forum, Price at posting: Mums and Dads – who are forced to consume fossil fuel – you’re not responsible for global warming. Not even pollution-ridden coal – but from crystal clean green hydrogen, made right here. 26/10/21. Andrew Forrest is the founding chair of Fortescue Metals Group and a founding member of the GH2 Board. Take all eight of our 330 metre-long bulk carriers, take our hundreds of trucks, dozens of trains and dozens of power stations. The renewable and green energy segment of Fortescue Metals Group Limited (ASX: FMG) has bought a 60% stake in a Dutch based energy technology company. And I say to all the small investors and all the small businesses – you, who truly drive our economy and our employment – the renewable future is for you. Australia can become a global green future manufacturing centre and energy superpower – if we follow what the State Government is doing in NSW with the Federal policy settings. Brickworks Limited (ASX:BKW) and Delorean Corporation Ltd (ASX:DEL) have signed a deal to collaborate on a green project.Â. Dr Andrew Forrest AO addresses the National Press Club. This will be a breakthrough, creating Australia’s first green fertilisers and bringing down their cost for our farmers. Further, to help build this and keep the jobs in Australia, we’re planning additional manufacturing centres, beyond Gladstone, for green industry components in Parkes and also again in Port Kembla. Through this partnership, Rio Tinto, BHP and Fortescue will fund and contribute to the design, bui Do nothing –  as global warming sets in, desertify our country or allow local entrepreneurs, homegrown institutions and multinationals to invest in our country going green, instead of being forced to follow that economic opportunity overseas. The starter gun has been fired on the journey of bringing manufacturing at home roaring back, particularly to regional Australia. Those declining power bills are and will continue to be driven by hundreds of thousands of new jobs, using the exact skills we already have in the oil, gas and coal sectors. $14.37, Algorithmic How much profit can FFI generate in the future? FFI said that this acquisition is an important milestone in the company’s vision to produce affordable green hydrogen. Are you stuck wondering where to invest right now? It’s coal that’s the problem, but we, the iron ore,  but we, the iron ore producers, must take the rap – until we give them a choice too. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Found insideEngage & Enable Fortescue Future Industries Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group Ltd ... Fortescue is a values-based business, committed to investing in the long term sustainability of its core business while ... Found inside – Page 161Volume 1: Actors and Sectors in Russia Between Accommodation and Resistance to Globalization Klaus Segbers. domestic markets, it is hard to see the export orientation fading in the foreseeable future. Russia less clearly meets the ... Green hydrogen is an energy carrier – but unlike fossil fuels, it’s becoming cheaper, it will never run out – and we won’t cook the planet. Business; Fortescue shares offer slice of Andrew Forrest’s green dream. Can you blame them? Business; Fortescue shares offer slice of Andrew Forrest’s green dream. To the increasingly rare, hysterical politician fear-mongering against choice, pretending to represent us: it’s taken fifty years for fossil fuel to get the power bills down – and, mate, they’re still going up. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW or simply entering your email below. Created with Sketch. I’m delighted that all States and Territories in Australia have a Net Zero target by 2050, but – Australia as a nation still does not, and that, for me, is an enormous concern. So far, Fortescue Future Industries, or FFI, has secured 300 GW of renewable resources in Africa, Australia, Asia, Central Asia, Europe, Latin America and New Zealand – over four times Australia’s current capacity. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW. The change is now sudden, the only question is will Australia be part of it in time to be competitive? Let’s not cover our tracks – that we’re not encouraging green hydrogen fast enough. The Rio Tinto Limited (ASX:RIO) share price could be getting closer to being a compelling prospect after its fall. Again, provided we get our global warming settings right. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto, BHP and Fortescue Metals Group (Fortescue) have agreed to partner and fund innovative, industry-first learning programs as part of a continued commitment towards mining sector workplaces that are free from sexual harassment, bullying and racism. This follows the lie of the plastics industry – that you throwing plastic away is your problem. Not in India, not in China, not in Europe – but in Gladstone, Queensland, Australia. Andrew Forrest is the founding chair of Fortescue Metals Group and a founding member of the GH2 Board. Earlier this week Fortescue also announced a target for net zero Scope 3 emissions by 2040. It’s a miracle molecule, the “Swiss army knife” of energy and green products – versatile and able to decarbonise even the most challenging sectors. Image: Fortescue Future Industries Forrest said that over the past 15 months he had researched 62 countries to decide on the best location for producing his envisaged full hydrogen kit, and found, “Queensland has the beautiful combination of wind and solar and you have a hard-working, educated people,” he said at yesterday’s event. Created with Sketch. Committing to carbon neutrality at COP26, driving our renewable energy sectory will release massive investment, generating those choices. There are none so blind as those who will not see. Examining the economic, social and political crises, this book evaluates the political history of France during the revolution of 1848 and the French political culture of the time. Billionaire Andrew Forrest’s vision of a green energy and green steel future has prompted me to invest in his business. In five years, not fifty, you’ve seen the cost of green hydrogen halve – and mate, that cost is still going down. FFI said that it has acquired a 60% stake in High yield Energy Technologies Group (HyET). Found inside776–95. fDi Markets 2015, Financial Times database, viewed 30 December 2015, http://www.fdimarkets.com Fortescue, S. & Hanson, P. 2015, 'What drives Russian outward foreign direct investment? Some observations on the steel industry', ... On top of that great State of Queensland, where Fortescue Future Industries, FFI, is making our first major manufacturing investment, New South Wales is also to receive the world’s first green hydrogen energy import and export terminal, as well as a “dual fuel” power station, which will transition from a blend of green hydrogen and LNG to 100% green hydrogen, as GH2 supply increases. Not imported oil and diesel. Think clean coal. Share. The electrolysers we will make in Australia, starting in Gladstone, will cost a fraction of the price they do in Europe. I want to give you that choice. Most of these massive job creation sites that I’ve mentioned will be in the bush – but let me talk to you about our first one in the city. The ambushes are ahead and we are ready for them. The journey to a cleaner future will be an interconnected web of projects, industries and jobs in our regions and cities. It also means that by 2030, we need to have developed a method to help our customers make “green” steel. Found inside – Page 1089To oper- ELECTRICAL MANUFACTURING INDUS' ate these industries , it has been necessary to mobilize TRY IS RESPONDING TO ... By interconnection , present investment and machinery will be better utilized and a get all the wheels into the ... Christie Rossi, Incitec Pivot’s young Facilities Supervisor. 77 Last. Fortescue Future Industries; FMG. Fortescue Future Industries (FFI) is a global green energy and product company committed to producing zero-emission green hydrogen from 100 per cent renewable sources. Found inside – Page 1311... into the development of the project and watching industry during this period . over the Government investment . Mr. Fowler : Since the Shipbuilding Mr. Fortescue : May we have some Industry Act was passed in 1967 three clarification ... The group also maintained guidance for spending for its Fortescue Future Industries subsidiary, which has been accelerating the pace at which it … Are you looking for dividend income AND growth but don't know where to start? Are you looking for dividend income AND growth but don't know where to start? Post #: 57095535. Fortescue Future Industries (FFI) is the dedicated segment of Fortescue’s business tasked with bringing this goal into reality. Fortescue Future Industries – Our climate emergency requires huge amounts of green hydrogen. Created with Sketch. On Monday, we walked together through the plant, and Christie explained that green hydrogen – as the new feed to this old fossil fuel plant – had not only given the entire workforce a lift in morale but removed the dark clouds of career uncertainty, which are faced by all of those in the fossil fuel sector. Cars that look exactly like our old ones but generate hardly any noise – and, of course, no exhaust. This Scope 3 target leads global industry – and we made it because we’ve done our homework, and now we’re going hard after it. We are watching international investors pulling the pin on Australian projects, now. Holding Name; 1,131,365,000 (36.74%) Minderoo Group Pty Ltd: 267,395,477 (8.68%) Hunan Valin Group: FMG Calendar of Events. “We have commenced the design study for a 1GW Powerfoil factory in Australia and at this scale, we aim to rapidly drive costs down at a greater rate than is achievable with conventional Solar PV technology.”. I will be fine if you want to quote that, Twiggy.”, © 2021 Fortescue Future Industries. Sydney may well be known as the Emerald City. Misleading soundbytes, put out by industries wishing to continue a duplicitous social licence to operate. Terms, Financial Services Guide, Privacy Policy.Â. For the full experience please update. Our global customers and financiers have a choice, just like us – and they’ll make that choice in only two-weeks time, at COP26 in Glasgow. With the value of iron ore now integral to the health of the federal budget, Twiggy's business affects all Australians. This entertaining book gives a unique insight into one of the most powerful men in Australia today. If you have a gas pipeline you just chuck it in the pipeline. Found inside – Page 153Oligarchs and the State in Transition S. Fortescue ... remain in Russia, seemingly conducting their businesses with a view to being around in the future. ... He continues to invest in a major way in the Russian aluminium industry. Fortescue Future Industries will build a $1 billion electrolyser factory in Gladstone in Central Queensland as part of the state’s burgeoning hydrogen industry. Found inside – Page 274Fortescue. This chapter begins with an outline of the structure of the post-Soviet Russian economy, ... Those relations in turn provide the context for a debate within Russian policy-making circles over the future shape of the economy. We will not go down with the fossil fuel sun – if we get those settings right. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto, BHP and Fortescue Metals Group (Fortescue) have agreed to partner and fund innovative, industry-first learning programs as part of a continued commitment towards mining sector workplaces that are free from sexual harassment, bullying and … Have you got cash 'sitting on the sidelines'? A key question now is what happened to the iron ore price. Up to this point, practically our green energy – think wind turbines and solar panels – have, like our diesel and oil, been imported. Please read our Terms and Conditions and Financial Services Guide before using this website. Today, if I have only one message, it is that a national target of carbon neutrality is regional Australia’s jobs and economic opportunity – but only if Australians trust the good politicians not holding them back, and move now. You’re viewing a single post only. Found inside – Page 329Annex D - action agenda on promoting infrastructure investment through public-private partnership (PPP). APEC Ministerial Meeting, Beijing. ... Brockman Mining wins legal bid to access Fortescue Metals Group's rail infrastructure. Fortescue Chairman and FFI Founder Dr Andrew Forrest is a driving force in advocating for environmental change across the business world. & Taxation, https://m.youtube.com/watch?v=YjQ63U8zA4I. All without that problem child that turned the seaborne iron ore industry into Russia for carbon emissions – coal. Ladies and gentlemen, green hydrogen is a real solution. Unsubscribe anytime. The National Australia Bank Ltd (ASX: NAB) share price is up 25% since the start of the year. But I want countries, including, most of all, ours, to take control of their own economic and energy sovereignty. Fortescue Future Industries Chief Executive Officer: Alison Terry: Group Manager - Corporate Affairs,Joint Company Secretary: FMG Substantial Shareholders. Fortescue has ambitious 100% green energy targets. Highway fuel stations with the same looking bowsers, but cars that are quicker to fill up. Found insidetechnology and innovation, specifically regarding Fortescue Metals Group and BHP Billiton. As Australia comes to grips with a plateauing of its exports of iron ore to Asia, understanding how to guide the industry for the coming decades ... Billionaire Andrew Forrest’s vision of a green energy and green steel future has prompted me to invest in his business. Let’s not hide the fact it isn’t clean. It’s the oil and gas companies who gave us no choice, and the politicians who followed them. A … So presumably this was a smaller move for the company. You increasingly rare and isolated politicians – you are denying Aussies the choice of a dirty fuel or a clean fuel, an expensive fuel vs a better fuel. 365. Jaz invests for the long-term and doesn't sweat the small stuff. But don’t read just “investment” – read what really matters. Found insideRather than trying to buy its way into large mining projects over which it has total control, Chinese companies now ... cent holding in Canadian miner Teck and Hunan Valin acquired 16.5 per cent of Australian iron ore miner Fortescue.