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Airbus strikes deal with Australia’s Fortescue as airlines seek hydrogen boost -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Airbus’ logo can be seen on a Toulouse, France building March 11th, 2021. REUTERS/Stephane Mahe

PARIS (Reuters) — European aircraftmaker Airbus has chosen Fortescue Metals Group Ltd, an Australian miner, to provide its hydrogen unit. This will help reduce the company’s CO2 emissions. Fortescue Future Industries (FFI) released a statement Tuesday.

According to the press release, the move was marked by signing a Memorandum of Understanding. It reflected their “shared ambition…to support the entry into service of a hydrogen-based airplane by 2035.”

FFI Chairman Andrew Forrest is an Australian magnate who has made most of his fortune in high-emitting iron mines. However, he recently emerged as one of the most vocal advocates of climate change.

According to him, the time was right for an aviation revolution.

This partnership will enable both companies to examine the potential use of green hydrogen – hydrogen that is produced using renewable energy – in the aviation industry. It has been deemed the best bet for reducing emissions while maintaining high flight counts by analysts.

Unfortunately, financial information was not available immediately.

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