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FORTESCUE LAUNCHES ITS FIRST U.S. GREEN HYDROGEN PRODUCTION FACILITY IN BUCKEYE
Representing a $550 million investment, the facility will produce up to 11,000 tons of liquid green hydrogen annually

BUCKEYE, AZ (May 3, 2024) – Fortescue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America with a soil turn ceremony and renaming of our green hydrogen facility in Buckeye, Arizona to Arizona Hydrogen.

On May 2, Fortescue Executive Chair and Founder Dr. Andrew Forrest AO was joined by local government, economic development and community leaders including Gila River Indian Community Governor Steven Roe Lewis, Sandra Watson, President and CEO of the Arizona Commerce Authority and Buckeye Mayor Eric Orsborn.

At the 158-acre facility site, Dr. Forrest praised the Biden Administration’s commitment to the energy transition, but cautioned there is more work to be done.

“The U.S. has made serious strides in attracting global investment in green hydrogen and decarbonization projects, like Fortescue’s solar and wind-powered Arizona Hydrogen facility. Fortescue is unashamedly a first-mover in this space, the world needs us to move quickly,” Dr. Forrest said.

“I am hopeful that the Biden Administration will continue supporting the growth of the green hydrogen industry, particularly as they work to finalize the 45V green hydrogen tax credits. The current Treasury rules limit project opportunities, create investment risk, and significantly increases costs for green hydrogen production. Fortescue shares the Biden Administration’s ambitious climate goals, and hopes the Treasury will ensure early movers like Fortescue can continue investing and creating jobs here in the U.S.”
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https://www.azcommerce.com/news-events/news/2024/5/fortescue-launches-its-first-us-green-hydrogen-production-facility-in-buckeye/