- Memorandum of understanding sets groundwork for collaboration to decarbonize hard-to-abate industries including mining, steel and cement
- Collaboration to leverage respective expertise to explore potential opportunities for scale-up and adoption of new technology solutions to reduce greenhouse gas emissions and produce green hydrogen, ammonia and geothermal energy
For hydrogen and ammonia development, the collaboration will leverage Baker Hughes’ expertise and technology related to liquefaction and compression, turboexpanders and hydrogen-fueled turbines. For geothermal,
“FFI and
The companies aspire to bring early-stage technologies to commercial scale faster than what would otherwise be possible. These technologies will potentially benefit the reduction of greenhouse gas emissions in both energy production and hard-to-abate industrial sectors including mining, steel and cement.
“There is enormous demand for green hydrogen and green energy, and engineering solutions such as those pioneered by
The MoU was announced at the 23rd Baker Hughes Annual Meeting in
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For more information, please contact:
Media Relations
Chiara Toniato
+39 346 382 3419
Chiara.toniato@bakerhughes.com
Investor Relations:
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investor.relations@bakerhughes.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d925bf89-4221-48ad-a66a-c9b011d65b5d
Baker Hughes and Fortescue Future Industries MoU signing
Baker Hughes Chairman and CEO Lorenzo Simonelli and Fortescue Future Industries CEO Mark Hutchinson at the signing ceremony Monday, Jan. 30, 2023 , at the Baker Hughes Annual Meeting in Florence, Italy .
2023 GlobeNewswire, Inc., source