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
Titan Mechanical Plans Defiance, Ohio, Fabrication Operations
06/12/2025
Ireland-Based Linde Plans Brownsville, Texas, Operations
06/12/2025
Canadian-Based Torvan Medical Plans High Point, North Carolina, Headquarters-Production Operations
06/12/2025
Amazon Web Services Plans Richmond County, North Carolina, Operations
06/12/2025
Rolls-Royce Expands Mankato, Minnesota, Manufacturing Operations
06/12/2025
StandardAero Component Services Expands Sharonville, Ohio, MRO Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025