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Fortescue Future Industries CEO to visit local communities in Wabo and West New Britain

Media Release 02 December 2021

Chief Executive Officer (CEO) of Fortescue Future Industries (FFI), Julie Shuttleworth AM, is in Papua New Guinea (PNG) to meet with stakeholders, visit the newly established FFI Purari hydropower project camp in Wabo (Gulf Province) and FFI’s potential geothermal energy project site in West New Britain.

FFI is collaborating with PNG to investigate developing multiple renewable energy and green hydrogen projects.

Studies to potentially develop up to seven hydropower projects and 11 geothermal energy projects in PNG have made progress with scoping studies and an early-stage pre-feasibility study well advanced.

If these projects were to proceed, and subject to further studies and approval, they would generate renewable electricity for the purpose of producing green hydrogen and green ammonia, creating a significant new domestic energy and export industry for PNG, which currently heavily relies on imported oil.

FFI Chief Executive Officer, Julie Shuttleworth AM said, “I am looking forward to meeting and engaging with the local communities in PNG.

“As a values-based business, we are firmly committed to empowering thriving communities by delivering positive social, environmental, and economic benefits, through transparent, and ongoing dialogue.

“We have an office in Port Moresby with an in-country team who will ensure that FFI continues to engage with communities to embrace the diverse cultural values of PNG as well as social and environmental values.”

FFI’s objective in assessing these opportunities is to help PNG achieve its goals of reducing reliance on fossil fuels and harnessing its renewable energy resources. Our green energy vision for PNG would lead to more jobs, a stronger economy, thriving communities and importantly, help reduce emissions for PNG.