Azerbaijan discuss cooperation opportunities with Australian hydrogen producer

Minister of Energy Parviz Shahbazov received a delegation led by Dr. Andrew Forrest, chairman of the Australian company - Fortescue Future Industries, who is on a visit to Azerbaijan, the ministry told Report.

The meeting focused on green energy, efficient use of the Caspian Sea's wind potential, and investment-based cooperation in the production and export of green hydrogen.

The company's representatives were informed about Azerbaijan's energy history, hydrocarbon export infrastructure, existing green energy potential, strategic targets identified in this area, the work done, and the results achieved in the field of involving private, including foreign investments. The company's activities, achievements, work, and goals in combating climate change, green industry projects, and plans to reduce damage to nature in "hard to abate" sectors were discussed.

Fortescue Future Industries, the main direction of activity of which is the production of green hydrogen using renewable energy sources, operates in many parts of the world, including Central Asia, Europe, the Middle East, Australia, and North America, and targets to produce 15 million tons per year of renewable green hydrogen by 2030.