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Arizona Hydrogen Project and PEM50 Project

Sector: Hydrogen • Location: Gladstone, Arizona and Queensland, USA and Australia

Source: TradingView

Project
Cancelled

Fortescue is scrapping its U.S. and Australian green hydrogen projects, specifically the Arizona Hydrogen Project and the PEM50 Project in Gladstone, Australia. The company is assessing options to repurpose the assets and land related to these projects and expects a preliminary pre-tax writedown of about $150 million linked to spending on these businesses.

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Project Information

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The project “Arizona Hydrogen Project and PEM50 Project” is an infrastructure initiative in the Hydrogen sector, located in Gladstone, Arizona and Queensland, USA and Australia. Taiyo aggregates data on it from TradingView.

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Participants

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Status

Original status

cancelled

Taiyo status

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Email

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Description

Description

Fortescue is scrapping its U.S. and Australian green hydrogen projects, specifically the Arizona Hydrogen Project and the PEM50 Project in Gladstone, Australia. The company is assessing options to repurpose the assets and land related to these projects and expects a preliminary pre-tax writedown of about $150 million linked to spending on these businesses.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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