POWER!!!! Fortescue Future Industries, page-4440

I think these two paragraphs sum it up really well and I hope that what is taking place is what Fortescue mentioned here below.



and.....





“Prime Minister Albanese and his Government had a one-shot-in-the-barrel opportunity to ensure Australia fulfilled its potential to become the Saudi Arabia of energy production. Through the $2 per kilo tax credit for green hydrogen production, the Government has seized this opportunity for the Australian people."

and

“This incentive will fast-track the development of a green iron industry in Australia, bringing massive employment opportunities back to our country, value adding right here in Australia and slashing steel production’s debilitating global emissions."

“Fortescue is already trialling its decarbonisation green hydrogen technology at its major Chichester operations, one of the largest iron ore producers in the world. Fortescue looks forward to working with Government to imminently scale up the technology and innovation embedded in our Christmas Creek Green Iron Plant, which we took a Final Investment Decision on last November."

References:

https://fortescue.com/news-and-media/news/2024/05/15/australian-government-s-decade-long-commitment-to-green-hydrogen-industry-to-drive-massive-employment-boom

and

https://climateenergyfinance.org/wp-content/uploads/2024/04/FINAL-embargoed-to-12.01am-AEST-Tues-30-April.-POWER-SHIFT_-Staggering-rise-of-renewables-positions-China-to-end-new-coal-power-before-2030.pdf

Tony