Fortescue Approves $750 Million Investment Across Clean Energy, Metal Projects
20 Noviembre 2023 - 6:20PM
Noticias Dow Jones
By Rhiannon Hoyle
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.
Fortescue, one of the world's biggest producers of iron ore,
said it now expects capital expenditure of $500 million for its
energy unit this fiscal year, up from a prior estimate of $400
million. The capital expenditure estimate for its metals business
is unchanged.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
November 20, 2023 19:05 ET (00:05 GMT)
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