Gladstone PEM50 Green Hydrogen Plant
Sector: Hydrogen • Location: Gladstone, Queensland, Australia
Source: Fuel Cells Works
Fortescue has abandoned its 50MW PEM50 green hydrogen plant in Gladstone, Australia, despite final investment decisions in November 2023. The plant was mothballed in May with 90 job losses. The cancellation results in a US$150 million pre-tax write-down and follows significant public investment including A$60 million in combined federal and Queensland support.
- Status
- Closed
- Sector
- Hydrogen
- Location
- Gladstone, Queensland, Australia
- Updated
- 22 Jul 2026
- Source
- Fuel Cells Works
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Fortescue has abandoned its 50MW PEM50 green hydrogen plant in Gladstone, Australia, despite final investment decisions in November 2023. The plant was mothballed in May with 90 job losses. The cancellation results in a US$150 million pre-tax write-down and follows significant public investment including A$60 million in combined federal and Queensland support. |
Original sector | Energy |
Location
Country | Australia |
State | Queensland |
City | Gladstone |
Source
Source | Fuel Cells Works |
URL |
More Details
Record type | Project |
Sector | Hydrogen |
Article published date | 2025-09-16 |
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