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Fortescue cancels $550 million hydrogen hub project in Buckeye [View all]
https://www.abc15.com/news/business/fortescue-cancels-550-million-hydrogen-hub-project-in-buckeyeFortescue 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.
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.
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