Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Fortescue’s subsidiary has signed an MOU to conduct a feasibility study for the development of hydrogen-fueled green industrial project in Rio de Janeiro, Brazil, which houses a 250,000mt ammonia plant, besides a plan to develop green steel and other industries at Port do Açu. Fortescue Future Industries (FFI) and the Port of Açu signed a memorandum of understanding (MOU) to assess the opportunity for industrialisation of the port.


FFI and Port of Açu, a subsidiary of Brazil’s Prumo group mulls to install a hydrogen plant a 300MW hydrogen plant at the port and develop a sustainable industrial hub with pelletizing, steel, chemicals, fertilizers and fuel production and other manufacturing companies. The project also includes an onsite solar and offshore wind power plant in Rio de Janeiro and Espirito Santo.


Port of Açu is a privately-owned large deep-water port complex serving the mining, oil and gas and port logistics sectors.

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