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Climate Adaptation

Mining Tycoon Races to Build World’s First Ammonia-Fueled Cargo Ship

Andrew Forrest

Andrew Forrest

Photographer: Andrey Rudakov/Bloomberg

Mining billionaire Andrew Forrest said he aims to create the world’s first ammonia-powered ship before the end of next year, part of an ambitious plan to run all his company’s fleet on a carbon-free version of the fuel.

“This is just the first,” Forrest, chairman and founder of Fortescue Metals Group said in an interview. “We have about 100 ships on the water, and we’ll be converting all our own ships over to green ammonia at the earliest possible opportunity, well within this decade.”