Fortescue Approves $750 Million Investment Across Clean Energy, Metal Projects

Fortescue Metals Group has approved two clean energy projects and another aimed at producing iron using renewable energy, with the planned investments totaling roughly $750 million over the next three years.

Directors of Fortescue’s board approved investment in the Phoenix Hydrogen Hub in the U.S., the Gladstone PEM50 Project in Australia’s Queensland state and a so-called green iron trial plant in Western Australia, the company said Tuesday.

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