The Kenyan government and Fortescue Future Industries (FFI) have reaffirmed their dedication to advancing Kenya’s development of sustainable green industries.
Using the Olkaria geothermal resources in Naivasha, President William Ruto today witnessed the signing of an investment deal for the establishment of a 300MW green energy and fertilizer facility.
“This is a bold statement that Kenya is on an ambitious green growth agenda.” the President said while making the remarks on Wednesday at State House during the signing of an investment support and implementation agreement with Fortescue Future Industries.
The deal was signed at State House in Nairobi by Energy and National Treasury Cabinet Secretaries Davis Chirchir and Njuguna Ndung’u, as well as FFI Executive Chairman Andrew Forrest.
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According to Dr. Forrest, the collaboration puts Kenya on a route toward industrial decarbonization.
“We are determined to be with the people of Kenya on that journey, every step of the way.” FFI Executive Chairman Andrew Forrest said.
He stated that momentum is driving Kenya’s aim of becoming a world leader in the manufacturing of fertilizer made from green ammonia.
The project will also supply Kenya’s system with electricity, speeding up the phase-out of fossil fuels and enhancing Kenya’s status as a global leader in renewable energy.
Production of fertilizer that depends on fossil fuels contributes significantly to greenhouse gas emissions. According to Statehouse Spokesperson Hussein Mohamed, this project and the following advancements will help Kenya reach its greenhouse gas reduction objectives while also improving the country’s economy and food security.
He added that this is the first of three projects that Australia’s FFI, a Fortescue Metals Group affiliate, will invest in to support manufacturing and green energy in Kenya.
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