Fortescue Metals Group (FMG), under the leadership of Andrew Forrest, is set to embark on a $1.14 billion journey into the green hydrogen landscape, spanning multiple continents.
The final investment decision, as announced by the company’s board, unveils a trio of green energy projects strategically positioned to shape Fortescue’s global footprint in the green hydrogen and adjacent industries over the next three years.
FMG’s bold move includes green hydrogen ventures in the USA, Australia, Brazil, Kenya, and Norway. This geographical and technological diversity is carefully curated to establish a global glide path for Fortescue Energy, positioning the company as a key player in the evolving landscape of green hydrogen and related technologies.
- Phoenix Hydrogen Hub (USA): Encompassing an 80-megawatt electrolyzer and liquefaction facility, the hub is projected to produce up to 11,000 tonnes of green hydrogen annually from 2026.
- Gladstone PEM50 Project (Queensland): Utilizing Fortescue’s proprietary electrolyzer technology, this 50-megawatt green hydrogen project is slated to commence production in 2025. The associated Green Energy Manufacturing Centre (GEM) in Gladstone is a testament to Fortescue’s commitment to advancing electrolyzer technology.
- Green Iron Trial Commercial Plant (WA): Located at Christmas Creek in the Pilbara, this green iron plant will leverage existing green hydrogen and electricity from solar generation, contributing to ore production capacity and utilizing existing infrastructure.
Fortescue’s foray into green hydrogen reflects a commitment to sustainable practices, technological innovation, and global leadership. As the projects unfold, FMG is poised to play a pivotal role in the evolving narrative of green energy, contributing to the global transition toward a cleaner, more sustainable future.