FMG 1.26% $18.75 fortescue ltd

POWER!!!! Fortescue Future Industries, page-1765

  1. 11,060 Posts.
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    @JPGuru

    Jb206 answered your question.

    It's first-mover advantage that has my attention and they're well ahead of the pack.

    "Energisation of the 60MW Chichester Solar Gas Hybrid facility which displaced 78 million litres of diesel usage during the financial year."
    Reference:

    https://www.fmgl.com.au/in-the-news/media-releases/2022/08/29/fortescue-maintains-its-commitment-to-sustainability-decarbonisation-and-the-green-energy-transition

    Now refer to page 5 and 7 of the report below

    * Stationary Power represents 25% of their Iron Ore Operations emissions.
    * Haul trucks 26%.

    https://www.fmgl.com.au/docs/default-source/announcements/fortescue-announces-execution-plan-for-industry-leading-decarbonisation.pdf?sfvrsn=7b20d3db_2

    Refer to page 7 Roadmap...Now as you can see 2025 is not too far away. I imagine a lot more interest for their in-house technology systems will come into play as they continue developing and refining their systems. It already has heavy industry's attention. Refer to the final paragraph of the news piece below.

    https://www.prnewsblog.com/news/environment-climate/14637/williams-advanced-engineering-wae-and-liebherr-pay-tribute-to-their-joint-zero-emissions-work-at-bauma-2022/









 
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