FSUMF - Fortescue Argentina planning $8.4B green hydrogen investment

Fortescue Metals (OTCQX:FSUMF) and Argentina's government say they plan to spend as much as $8.4B on green hydrogen production in the country, with a view to producing green hydrogen on an industrial scale. Agustin Pichot, the Latin America head of Fortescue Future Industries, the company's green energy unit, said in a press conference with government officials today that the project would be one Fortescue's most important worldwide. Fortescue says it is planning a $1.2B pilot stage aiming to produce 35K tons of green hydrogen during 2022-24, before a $7.2B first productive stage aiming for an output of 215K tons of green hydrogen, enough to power 1.6 million homes. "It is the most important international investment for our country in the last 20 years," the government says. Fortescue recently unveiled plans to build one of the world's biggest hubs for making component parts for hydrogen generation and other green energy, in

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Fortescue, Argentina planning $8.4B green hydrogen investment