Green hydrogen is to late to this party. Every car company going EV now and even Toyota that has a green hydrogen car has seen the light and gone EV too.
Think FMG has made a terrible mistake wasting money on it.
Green steel that will be ok but not green hydrogen.
Many countries are going solar, wind, wave and other renewables.
1 in 3 houses in Australia now have solar. 5 years earlier it was 1 in 5.
State governments are going solar, wind and battery as they can do this far faster where a green hydrogen power plant will cost $800m and new pipes are needed as it can't be used in current gas pipes.
FMG would have been better to mine lithium where all the big money is being made.
Come 2025 China will be importing iron ore from Africa with the help of BHP so less reliant on Australia.
We all thought a year to 2 years ago FMG would hit $40 by now. It simply hasn't happened.
The stock stuck around $18 to $22 where lithium stocks just from 3 years ago have gone up over 1000%.
POWER!!!! Fortescue Future Industries, page-2571
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