With every Fortescue quarterly, there is increasing weight on the company’s decarbonisation strategy.
In revealing another record iron ore performance, the major miner detailed the progress of its decarbonisation workstreams, where green hydrogen is a key focus.
“As we lead the world in industrial decarbonisation, we remain steadfast in our commitment to green hydrogen,” Fortescue Energy chief executive officer Mark Hutchinson said.
“We continue to progress our initial four green hydrogen projects across Australia, the United States, Norway and Brazil, which each draw on the unique strengths of the countries they are in.
“Projects in Morocco, Oman, Egypt and Jordan will follow next, while we maintain a further pipeline of opportunities that will progress when power prices fall sufficiently to bring them to economic viability and global demand for green hydrogen increases.”
Fortescue announced a company restructure on July 17, creating a One Fortescue team boasting nearly 50 per cent women.
About 700 people were laid off as part of the restructure, with Fortescue aiming to establish a more “lean, impactful, and agile” company.
This hasn’t lessened Fortescue’s laser-focused decarbonisation strategy, however. Alongside its green hydrogen projects, the company has commenced commissioning on a 100-megawatt solar farm nearby its Iron Bridge magnetite mine.
A hydrogen-powered haul truck prototype is also on its way to the Christmas Creek iron ore mine to undergo commissioning.
While many of Fortescue’s decarbonisation projects are still early stage and potentially unproven, the company’s ‘early-mover’ approach can’t be knocked.
If the major can get even a handful of these projects off the ground, it will set a new standard in green mining, with many peers likely to follow.
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