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Australia-Based Fortescue Establishes Buckeye, Arizona, Green Hydrogen Operations

Australia-based Fortescue, a global metal mining and green energy company, plans to establish green hydrogen production operations in Buckeye, Arizona. The $550 million project is expected to create 40 jobs.

The facility, located on 158 acres, will produce up to 11,000 tons of liquid green hydrogen annually and is positioned to contribute to the decarbonization of the heavy-duty on-road transportation sector.

“The U.S. has made serious strides in attracting global investment in green hydrogen and decarbonization projects, like Fortescue’s solar and wind-powered Arizona Hydrogen facility. Fortescue is unashamedly a first-mover in this space, the world needs us to move quickly,” said Executive Chair and Founder Dr. Andrew Forrest. “I am hopeful that the Biden Administration will continue supporting the growth of the green hydrogen industry, particularly as they work to finalize the 45V green hydrogen tax credits. The current Treasury rules limit project opportunities, create investment risk, and significantly increases costs for green hydrogen production. Fortescue shares the Biden Administration’s ambitious climate goals, and hopes the Treasury will ensure early movers like Fortescue can continue investing and creating jobs here in the U.S.".

Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. As of 2017, the company is the fourth-largest iron ore producer in the world, with holdings of more than 87,000 km2 in the Pilbara region of Western Australia.

“Today is an exciting milestone for the future of Arizona’s clean energy economy,” noted Sandra Watson, President and CEO of the Arizona Commerce Authority (ACA). “Arizona Hydrogen strengthens Arizona’s position as a national sustainability leader at the forefront of clean energy technologies and innovation. We are grateful to Dr. Forrest and the entire Fortescue team for their commitment to Arizona, and we look forward to supporting Fortescue’s long-term success in Buckeye.”

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