Australia-Based Fortescue Establishes Buckeye, Arizona, Green Hydrogen Operations
05/09/2024
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.”
Project Announcements
Herr Foods Establishes Jackson, Ohio, Operations
05/17/2024
SRC of Lexington Expands Fayette County, Kentucky, Operations
05/17/2024
John Deere Expands Kernersville, North Carolina, Production Operations
05/17/2024
Japan-Based Asahi Kasei Plans Port Colborne, Ontario, EV Battery Operations
05/17/2024
Microsoft Establishes Mount Pleasant, Wisconsin, Data Center Operations
05/16/2024
BlueHalo Establishes Germantown, Maryland, Production Operations
05/16/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024