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RIYADH: Australian metals miner Fortescue’s biggest shareholder, billionaire Andrew Forrest, is considering building a green hydrogen facility near Washington State’s last operating coal-fired power station.
Fortescue Future Industries entered into a binding exclusivity agreement with an industrial park near TransAlta Corp.’s Centralia facility, scheduled to close in 2025, Bloomberg reported citing a statement by the Perth-based company.
The existing coal workforce is to be employed for the proposed project, according to FFI plans.
Forrest and his company, also known as the world’s fourth-biggest iron ore exporter, have announced many potential investments in a bid to become one of the world’s biggest clean energy producers over the next decade.
A lineup of multibillion-dollar projects is set to reach that goal, according to Bloomberg.
Supplying Europem, together with German energy giant EON SE, and buying Williams Advanced Engineering are among Forrest projects.
South Africa needs $14bn for green hydrogen plan: Climate finance chief
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