Fortescue welcomes selection in €3.6 billion European Commission clean technology fund

Fortescue warmly welcomes today's decision by the European Commission to invest significantly in clean technologies.

The selection of our flagship green ammonia plant, 'FFI Holmaneset', is a recognition by the EU of its significance to global decarbonisation efforts.

The Holmaneset project is a great opportunity for FFI, Norway and Europe for early development of a significant green energy value chain, and we commend the EU for its leadership in kickstarting a green ammonia industry.

We look forward to finalising the details of our arrangements with the European Climate, Infrastructure and Environment Executive Agency (CINEA) in due course.

Fortescue is pointing the way to a future beyond fossil fuels, we look forward to continuing to play a central role in growing the renewable energy economy.