Arizona – Fortescue cancels $550 million hydrogen hub project in Buckeye
Arizona – 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 […] The post Arizona – Fortescue cancels $550 million hydrogen hub project in Buckeye appeared first on Hydrogen Central.
Arizona – 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.
During the July 24 investor call, Gus Pichot, CEO of Fortescue’s growth and energy unit, said:
Regarding the Arizona hydrogen project, a shift in policy priorities away from green energy has changed the situation in the U.S.,”
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Arizona – Fortescue cancels $550 million hydrogen hub project in Buckeye, source
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