Fortescue axes two green hydrogen projects after Trump administration’s shift on renewables | Environment

The Iron Ore boss Andrew Forrest’s Fortescuie Company canceled two large green hydrogen projects by throwing a crime of the Trump administration away from renewable energy.

Fortescue’s decision to cancel two attempts in Queensland and Arizona Canned Hydrogen Projects in Australia and elsewhere This will ask more questions about the future of clean fuel.

Gus Pichot, General Manager of Growth and Energy in Fortescu, said that the United States “a change in policy priorities away from green energy”, “changing the situation için for 550 million dollars of green hydrogen production plans in Arizona.

“With a lack of certainty and green ambition, he returned one step, stopped the emerging green energy markets, made it difficult for the progress of previously applicable projects,” he said.

At the same time, Fortescu said he canceled the Gladstone PEM50 project in Queensland, which is planned to produce up to 8,000 tons of green hydrogen per year.

Pichot said that the company is “strategic shift away from electrolyzers to focus on developing technologies to provide low -cost hydrogen for the green industry in Australia”.

Electrolyizers use electricity to divide water into hydrogen and oxygen. Using renewable energy to give strength to an electrolysis can produce zero emission fluid fuel.

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Fortescie, Arizona and Gladstone’dan sites for alternative uses, and Pichot “green energy and green hydrogen is the key for our future” and costs “realistic and disciplined, he added.

Pichot added that the company’s green metals project in Pilbara is progressing.

Simon Nicholas, an analyst of a global steel industry at the Energy Economy and Financial Analysis Institute, said: “Obviously there was a lot of HYPE, and politicians and policies have distracted with the ridiculous use of green hydrogen – things such as household heating or adding hydrogen to the gas distribution network are clearly gaining and electric vehicles clearly earn. [against hydrogen cell vehicles]. “

He said that subsidies provided to the industry should be more targeted for green hydrogen for domestic use and that the hydrogen obtained from the gas used in steel production should be more targeted for their “more logical” use, such as changing the gas used in steel production.

Federal Industry Minister Tim Ayres Ayres spokesman Tim Ayres, Gladstone announcement “disappointing for workers and businesses affiliated to the project,” he said.

“However, we know that green hydrogen is necessary for production and industry in the net zero future, and Australia has one of the best hydrogen development opportunities in the world,” he said.

The Federal Government provided $ 44.9 million for a separate Fortescu Project under the modern production initiative – Gladstone Electrolyizer Plant. Guardian understands that there may be flow effects on this grant from the closure of the PEM50.

Sözcü said that the department continues to work with Fortescuie on the delivery of the Gladstone Electrolyizer Facility Project in the same area as the PEM50 ”.

If a project could not deliver those accepted, they said that allowing the government to compensate for funds was a normal practice for grant agreements.

He added a statement: “State support in the development of hydrogen opportunities throughout the country provides additional accuracy for projects, but ultimately it continues to be a commercial decision for the relevant parties.

“It is not easy to establish a new industry, but we are not suitable for following the opportunities for regional communities to continue to develop through energy transformation.”

Fortescue spokesman said the company is “open to the government” and “will return funds when necessary within the scope of the grant agreement”.

“These conversations are already going on,” they said.