The Anonymous Widower

Fortescue’s Forrest Says German Hydrogen Deal Is Just The Start

The title of this post, is the same as that of this article on Reuters.

This is the opening paragraph.

Australian miner Fortescue Metals’ (FMG.AX) newly-announced deal to supply green hydrogen to Germany is just the start as the rest of the world will catch up with Europe’s lead, Fortescue’s chairman told a Berlin industry conference on Monday.

I very much agree with Andrew “Twiggy” Forrest, as if countries are serious about commitments to fight global warming, there will be a big rush for hydrogen, so that countries can decarbonise their chemical, steel and other industries.

Some countries like Australia, Canada, Denmark, Norway, Spain, Sweden, The Netherlands, the UK and the US will be fine, but others will struggle.

Germany seems to be taking action by buying up supplies from everywhere they can.

January 18, 2022 - Posted by AnonW | Hydrogen | Australia, Fortescue Future Industries, Germany