Your 1/3 right when you say...."Andrew Forrest is about green hydrogen."....he is also demonstrably interested in white and yellow (photocatalytic) hydrogen.Normally, green hydrogen refers to hydrogen production produced by renewable electricity.
In fact, there's a multiple range of colours of hydrogen production, including previously mentioned white(extracted) hydrogen.Fortescue holds a 39.8% interest In white hydrogen producer Hy Terra.
The advantage of yellow hydrogen is it is produced directly from the power of the sun, which is potentially cheaper compared to green hydrogen produced via solar/wind generated electricity.
Sparc Hydrogen is a joint venture between Sparc Technologies, the University of Adelaide and Fortescue. We have a 36% stake in the joint venture, which has recèntly graduated to the pilot phase.
Of course, yellow hydrogen potentially covers the production parameter of the equation.....however, that still leaves the storage, transportation and piping hurdles to be jumped! Of course, yellow hydrogen production could be installed on site which would eliminate transportation and long distance piping challenges.
Hydrogen, just a pipe dream?...who knows?...sure ain't me!....Maybe down the track hydrogen will find a home in green steel production.
My focus remains firmly on decarbonising IO mining and Fortescue Zero. Fortescue is a dynamic, ever-evolving entity.
Have a wonderful Wednesday, y'all, Wes T Tiger III
FMG Price at posting:
$15.65 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
....Maybe down the track hydrogen will find a home in green steel production.
(20min delay)