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☆ TotalEnergies may buy green power from Fortescue in Papua New Guinea -regulator
▼ + stars: | 2022-12-08 | by ( Lewis Jackson | ) www.reuters.com time to read: +2 min

SYDNEY, Dec 8 (Reuters) - Fortescue Future Industries is in talks with TotalEnergies to supply power to the fossil fuel company's Papua LNG project from a series of proposed renewable energy projects that a senior official says recently completed feasibility assessments. "Fortescue Future Industries is exploring a range of energy supply and offtake agreements globally for the supply of green energy," said an FFI spokesperson in response to a Reuters query. Fortescue Metals Group (FMG.AX) founder Andrew Forrest signed a flurry of green hydrogen deals over 2020 and 2021 as the iron ore miner's wholly owned clean energy subsidiary looks to become a major green hydrogen producer. Feasibility studies for hydropower projects are also completed, with priority given to a project which could provide power to Papua LNG. He expected FFI would make final investment decisions for the hydropower and geothermal projects in 2023.

Forrest said in a statement Squadron had acquired CWP Renewables but did not disclose the price. And the more we create and deploy new renewable energy, the cheaper it becomes for every Australian and the world," Forrest told Reuters after the announcement. With CWP Renewables, Squadron would have the scale it needs to meet demand from large commercial and industrial customers for reliable green energy in eastern Australia, he said. Willoughby said CWP aimed to give the go-ahead by March 2023 to build a 400 MW wind farm, which would cost more than A$1 billion. There are literally trillions of dollars of capital looking for green energy projects," he said.

SYDNEY/MELBOURNE, Dec 7 (Reuters) - Mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables in Australia for more than A$4 billion ($2.7 billion), three people familiar with the deal said on Wednesday. Forrest said in a statement Squadron had acquired CWP Renewables, owner of 1.1 gigawatts of wind farms and a development pipeline of 1.3 GW of wind and solar farms in Australia, but did not disclose the price. CWP was sold by Swiss-based investor Partners Group (PGHN.S), which said it built the Australian business up after first investing in the Sapphire Wind Farm in the state of New South Wales in 2016. Other companies that had looked at CWP included Spain's Iberdrola (IBE.MC), Tilt Renewables, partly owned by AGL Energy (AGL.AX), and Origin Energy (ORG.AX), all aiming to expand in renewable energy as Australia speeds up its transition away from coal-fired power. With CWP Renewables, Squadron would have the scale it needs in eastern Australia to meet demand from large commercial and industrial customers for reliable green energy, Forrest said.

☆ Australia's Fortescue taps Woodside veteran as CEO amid green energy push
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Australia's Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton/File PhotoNov 29 (Reuters) - Australia's Fortescue Metals Group (FMG.AX) on Tuesday appointed former Woodside Energy (WDS.AX) executive Fiona Hick as its chief executive officer, effective February 2023, as Elizabeth Gaines made way for a new boss in August. Hick joins Fortescue at a time when the iron ore giant is delving into mining of critical minerals and rare-earths and is also striving to transition into a green energy firm through its unit Fortescue Future Industries (FFI). She will lead Fortescue Metals' mining arm, culminating a year-long search by the company's billionaire-founder and chairman Andrew Forrest. Gaines, who oversaw a tripling in the share price of one of the world's biggest iron ore miners in the past four years, remains on Fortescue's board as a non-executive director.

☆ The U.S. Inflation Reduction Act is a 'master stroke,' says Fortescue
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. Inflation Reduction Act is a 'master stroke,' says FortescueAndrew Forrest of the Australian iron ore company says the bill is "probably one of the best… economic policies to come out of North America in decades."

☆ Coca-Cola's sponsorship of COP27 is 'all wrong,' says Andrew Forrest
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoca-Cola's sponsorship of COP27 is 'all wrong,' says Andrew ForrestAndrew Forrest, co-founder and chairman of Fortescue Metals Group, says Coca-Cola's sponsorship of COP27 is "all wrong."

Workers talk outside an office building at the Fortescue Metals Group (FMG) Christmas Creek iron ore mine located south of Port Hedland in the Pilbara region of Western Australia, November 17, 2015. Register now for FREE unlimited access to Reuters.com RegisterThe world's fourth-largest iron ore producer anticipates cumulative operational savings of $3 billion by 2030 with payback on investment by 2034, and expects to save $818 million in costs per year from 2030 onwards. Fortescue and its green-energy unit Fortescue Future Industries (FFI) are trying to rapidly develop infrastructure and technology to produce green hydrogen, as the miner transitions from a pure-play iron ore producer to a green energy firm. (https://bit.ly/3f3jt2R)The miner expects "attractive economic returns" on operating cost savings after eliminating diesel, natural gas, and carbon offset purchases from its supply chain, it added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ All industries need to go beyond fossil fuels as soon as possible, says Fortescue
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll industries need to go beyond fossil fuels as soon as possible, says FortescueAndrew Forrest of the Australian iron ore company says that's an "absolute existential necessity."

☆ Studiu: 20 de firme produc 55% din totalul deșeurilor plastice din lume
▼ + stars: | 2021-05-18 | by ( ) www.jurnal.md time to read: +4 min

Amplul studiu relevă care sunt companiile care produc materiale plastice realizate dintr-un poliester numit acid polilactic (PLA) care nu se degradează. Printre companiile globale responsabile pentru 55% din deșeurile plastice din lume se află atât corporații de stat, cât și corporații multinaționale, inclusiv giganți de petrol și gaze și companii chimice, notează The Guardian. Cercetătorii arată că în topul țărilor care produc cele mai multe deșeuri plastice pe cap de locuitori, Australia este pe primul loc. Întrucât majoritatea materialelor plastice sunt fabricate din petrol și gaze, producția și consumul de plastic devin un factor major al crizei climatice. În fiecare an, doar 10% -15% din plasticul de unică folosință este reciclat la nivel global, iar criza deșeurilor din plastic crește.

Persons: Guardian ., Britanie, Wood, Chase, Gore, Andrew Forrest AO Organizations: Guardian, Wood Mackenzie, London School, Dow Locations: Australia, Statele Unite, Coreea de Sud, SUA, Irving, Texas, Stockholm, Institute, Asia, Europa, America de Nord, America Latină, Orientul Mijlociu, Barclays, Bank, America, Citigroup

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