Weeks ago Fortescue dumped a target to be a major producer of green hydrogen by 2030, but Andrew Forrest still insists his native Pilbara can supply the globe with green iron.
and dumped a target to be a major producer of green hydrogen by 2030, but the miner’s billionaire owner Andrew Forrest still insists his native Pilbara can supply the globe with green iron.
When questioned about whether he is overly ambitious, Forrest always has the justified retort that many doubted if then tiny Fortescue could break the BHP-Rio Tinto duopoly and become the third force in Pilbara iron ore mining. Steelmaking produces by some counts 10 per cent of global greenhouse gas emissions. Most of it is made from iron ore – a mix of iron and oxygen – in huge integrated steel plants.
Right now it is a flattened piece of dirt, but Fortescue was keen to show progress elsewhere. Zero-emissions iron needs zero-emissions iron ore, and Fortescue is aiming for its mining to be fossil-fuel free by 2030.That will require more than two gigawatts of solar and wind generation and massive battery storage to provide reliable power – enough for about a million homes, the company said.
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