Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

NickB79

(20,062 posts)
Mon Aug 4, 2025, 10:34 PM Aug 4

Fortescue cancels $550 million hydrogen hub project in Buckeye

https://www.abc15.com/news/business/fortescue-cancels-550-million-hydrogen-hub-project-in-buckeye

Fortescue Future Industries is abandoning its plans for a $550 million hydrogen hub project in Buckeye, citing uncertainty and waning federal commitment to green energy initiatives.

Australia-based Fortescue said during a July 24 investor call it’s nixing plans for what would have been its first U.S. green hydrogen hub consisting of an 80-megawatt electrolyzer and liquefaction facility capable of producing more than 11,000 tons of liquid hydrogen per year.

Fortescue began site work in May 2024 on the 158-acre property located west of State Route 85.
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Fortescue cancels $550 million hydrogen hub project in Buckeye (Original Post) NickB79 Aug 4 OP
"green hydrogen hub consisting of an 80-megawatt electrolyzer" PSPS Aug 4 #1
Not a "myth" Caribbeans Aug 5 #2
"Arizona has lots of sun" PSPS Aug 5 #3
Australia's Fortescue secures yuan loan worth $2 billion for green energy plans Caribbeans Aug 8 #4

PSPS

(14,839 posts)
1. "green hydrogen hub consisting of an 80-megawatt electrolyzer"
Mon Aug 4, 2025, 11:51 PM
Aug 4

The "green hydrogen" myth persists. The electricity for hydrolysis in Arizona would come mostly from fossil fuel (natural gas & coal) so it isn't "green" at all.

Caribbeans

(1,245 posts)
2. Not a "myth"
Tue Aug 5, 2025, 12:46 AM
Aug 5

Last I heard, Arizona has lots of sun

Anyway, China now leads the world in Hydrogen and Trump (one of the reasons Fortescue is temporarily out of H2) is seeing to it that the US will not have H2. So, like the US sat around on Solar Tech while China forged ahead, it's a replay and who looks to the US for anything besides war anyway?

China Builds 200 MW Solar Hydrogen Plant in Ningxia for GREEN H2



Kuqa Green Hydrogen Pilot Project in China - H2 from the Sun - on a huge scale

PSPS

(14,839 posts)
3. "Arizona has lots of sun"
Tue Aug 5, 2025, 09:33 AM
Aug 5

Just over 10% of electricity in Arizona is solar-generated. The fact is that fossil fuel would be the largest source, by far, of any electrolysis to generate hydrogen. Again, "clean hydrogen" is a myth. Your China example bears no resemblance to Arizona.

Caribbeans

(1,245 posts)
4. Australia's Fortescue secures yuan loan worth $2 billion for green energy plans
Fri Aug 8, 2025, 11:56 PM
Aug 8

Aug 8 (Reuters) - Australia's Fortescue (FMG.AX), said on Friday it had secured a yuan-denominated loan worth 14.2 billion Chinese yuan ($1.98 billion) to ramp up its decarbonisation plans, weeks after scrapping its U.S. and Australian green hydrogen projects.

The loan agreement comes as the world's fourth-largest iron ore miner reshapes its clean energy portfolio as the United States scales back its priorities on green energy under the Trump administration.

Fortescue announced plans, in July to wind up its green hydrogen projects in Arizona, U.S., and Queensland in Australia, a week after its billionaire founder and chairman, Andrew Forrest, visited China with Australian Prime Minister Anthony Albanese.

On Friday, Forrest, popularly known as Twiggy, lauded China's industrial scale, innovation, and commitment to investing in green technology, while underscoring his deepening ties with Chinese institutions.

"As the United States steps back from investing in what will be the world's greatest industry, China and Fortescue are advancing the green technology needed to lead the global green industrial revolution," Forrest said in a statement...more
https://www.reuters.com/sustainability/boards-policy-regulation/australias-fortescue-secures-yuan-loan-worth-2-billion-green-energy-plans-2025-08-07/

Won't be too long before Donald J. Dump scares another big company away from Hydrogen and the haters will jump up and down with joy. It might even be funny if it wasn't so GD sad.

Good thing China actually wants a green future and is willing to work for it. Isn't it. Only fools would sign off on a new Hydrogen project in the US right now.

Industry 5.0 Rising in Northern China: The World's Largest Green Hydrogen-Ammonia Project

Latest Discussions»Issue Forums»Environment & Energy»Fortescue cancels $550 mi...