Browsing: Fortescue

Fortescue Invests $21.9M in HyTerra

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.

Fortescue’s Hydrogen Future in Peril Amid Court Battle

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.

hydrogen

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.