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Fortescue commits $700m to US and Aussie plants

Richard Heap
November 21, 2023

Fortescue Metals Group has taken final investment decisions to invest a combined $700m in two green hydrogen production plants.

The directors of the Australian mining giant have approved investments in the Phoenix Hydrogen Hub in the US and the Gladstone PEM50 Project in Queensland, Australia. The company has also approved an investment in a pilot green iron project in Western Australia.

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