Fortescue, in a strategic move towards decarbonisation, has partnered with Cosco Shipping, the world's largest shipping company, to evaluate the use of green ammonia as a clean fuel for transporting green iron. The memorandum of understanding (MoU) aims to explore the development and deployment of vessels powered by green ammonia to reduce emissions in the shipping of iron ore and other mineral products. Despite adjustments to its green hydrogen production targets, Fortescue remains committed to green ammonia and green iron markets. The collaboration between Fortescue and Cosco Shipping demonstrates a shared vision for a greener future, with a focus on cutting carbon emissions in the shipping industry. Fortescue's research and development efforts have led to successful trials wherein engines were converted to run on a blend of ammonia and diesel, paving the way for more sustainable shipping practices. These initiatives align with Fortescue's goal of achieving net zero Scope 3 emissions by 2040. The partnership signifies a significant advancement in the decarbonisation of the shipping sector and showcases the potential of green ammonia as a viable marine fuel. Fortescue's innovative approach and dedication to sustainable solutions have been recognized through awards and certifications for their pioneering work in utilizing ammonia as a green fuel for shipping.