HyTerra received a significant investment from Fortescue Future Industries Technologies, a subsidiary of Fortescue. The A$21.9 million investment will secure Fortescue a 39.8% stake in HyTerra, pending shareholder approval.
Browsing: Fortescue
The recent unveiling of Fortescue’s liquid hydrogen plant at Christmas Creek has been met with significant fanfare, particularly from its collaborators, Fabrum.
Fortescue Metals Group, an Australian iron ore company, has recently unveiled a prototype of its hydrogen-powered haul truck.
Fortescue Metals Group (FMG) and its green hydrogen ambitions are under severe scrutiny as the company faces a fierce legal dispute with rival, Element Zero. This battle could significantly impact FMG’s future investment viability.
Fortescue’s announcement to pause its $2-billion green hydrogen plant in Prince George comes amid a global restructuring. This decision, affecting projects beyond Canada, raises questions about the feasibility and strategic planning behind such large-scale green hydrogen initiatives.
Sparc Technologies has advanced its joint venture with the University of Adelaide and Fortescue to develop a hydrogen pilot plant. These milestones include a Collaboration Framework Agreement with Shinshu University in Japan.
Fortescue Metals Group (FMG) plans to cut 700 jobs and shift its focus from green hydrogen to green electricity.
Sparc Technologies Limited, through its joint venture Sparc Hydrogen with the University of Adelaide and Fortescue, has made significant strides in de-risking the development of a pilot green hydrogen plant.
Despite concerns over US green hydrogen subsidy rules, Fortescue has embarked on its first hydrogen production project in Buckeye, Arizona, acquired from Nikola.
A consortium led by Australia’s Fortescue and investor Actis has secured the rights to develop a 200,000-tonne-per-year green hydrogen project in Oman.
