- Transport of green electrons is key to help reduce the total energy needs of the world.
- Both parties signed an agreement on sending green electrons from Morocco and North Africa to Europe.
- Through sub-sea cables we can transport green electrons from energy-producing continents to energy-demanding ones.
Fortescue, a world-leading green technology, energy and metals company, and Jan De Nul Group, a tier 1 marine contractor constructing the energy transition worldwide and a genuine technical expert in subsea cable laying activities, have agreed to work together to connect continents of high energy production to continents of high energy consumption for the delivery of green electrons.
An agreement which establishes the collaboration between Fortescue and Jan De Nul to provide the shipping and sub-sea cable laying capability of green electrons was signed in Rabat, Morocco by Fortescue Chairman, Dr Andrew Forrest, and Jan De Nul Executive Chairman, ir. Jan Pieter De Nul.
The agreement builds on the landmark Joint Venture signed between Fortescue and OCP to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. The Joint Venture includes exploring the potential development of manufacturing facilities and an R&D hub to advance the rapidly growing renewable energy industry in Morocco.
Fortescue founder and Executive Chairman, Dr Andrew Forrest AO, said: “There is a massive opportunity to send renewable electrons from Morocco and North Africa to Europe to industries and consumers who deserve a better choice than the only one they currently have available – carbon emitting, global warming causing fossil fuels.
“Europe, under EU rules, will impose carbon taxes globally through its Carbon Border Adjustment Mechanism on industries that fail to convert energy supplies to renewable energy.
“Fortescue believes a lack of cable laying capability is creating a bottleneck in connecting Morocco to Europe, making this pursuit with Jan De Nul one the most outstanding opportunities we have across the world. It will bring substantial benefits to both North Africa and Europe in terms of employment, economic growth and providing citizens with a choice to use fuels made using green energy.
Jan De Nul Group Executive Chairman, ir. Jan Pieter De Nul, said: “It is clear that the electrification transition is happening worldwide. Direct transport and consumption of green electrons is one of the most efficient ways to help reduce the total energy needs of the world. With our know-how, highly skilled and motivated staff and crew, and our versatile fleet of construction vessels including five of the world’s cutting edge subsea cable laying vessels we are ready to construct the energy transition.”
Fortescue and Jan De Nul have had a relationship dating back more than 20 years, working together to create the world’s most efficient port by loading rate in Port Hedland, Western Australia.
The OCP Fortescue Joint Venture is subject to customary closing conditions, including regulatory approvals.
Media contact:
Fortescue
M: 1800 134 442
Jan De Nul Group
M: +32 471 34 24 77
About Fortescue
Fortescue is the technology group accelerating commercial decarbonisation through heavy industry, rapidly, profitably and globally. It is leading the green industrial revolution, building a global portfolio of renewable green hydrogen and green ammonia projects and green technology solutions, while also leading the global effort to help decarbonize hard-to-abate sectors. This includes developing and acquiring the technology and energy supply to help decarbonize the Australian iron ore operations of one of the world’s largest producers of iron ore, Fortescue Metals, by 2030 (Scope 1 and 2 terrestrial emissions).
About Jan De Nul Group
Jan De Nul Group is a global family business that solves complex challenges of today’s society. Our talented people develop sustainable solutions that contribute to the energy transition, securing the future of the next generation.
Our expertise lies in five main activities: offshore energy, dredging and maritime construction, civil construction, environmental activities and project development. We enable the production of offshore energy and maintain the depth of waterways. We build new ports and create extra land. We realise complex infrastructure works and erect any type of building. We tackle pollution in whatever form. From design and engineering to the execution and maintenance, we unburden our clients with overall solutions that combine one, several or even all activities. – www.jandenul.com
