Fortescue, a large mining firm is looking at drilling for white hydrogen, a type naturally formed hydrogen that could be drilled at one-third the cost of conventional green hydrogen
Fortescue is a large Australian mining group that has articulated ambitious plans to become a clean energy giant, especially in the hydrogen market, where it has begun several large international green projects and entered into numerous partnerships with other firms. Earlier this year, however, Fortescue began to exhibit signs of getting cold feet. Metals prices were not so hot, meaning less available cash to sink into non-cash producing projects.
Drilling to determine the commercial viability of the findings will commence in late 2024 or early 2025. Drilling for hydrogen by another Australian company in Fortescue’s home state of Western Australia will commence late in 2024, too. Australia’s abandoned wells also show high concentrations of helium. Related Turkey’s Gas Hub Plans Boosted by 10-Year LNG Deal With Shell Now back to motivation.
Ammonia Economy Green Energy Mining White Hydrogen
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