Fortescue has agreed to purchase a 39.8% stake in natural hydrogen company HyTerra for AUD$ 21.9 m ($14.9m), making the mining firm the largest shareholder of the company.
H2 View understands HyTerra will use the investment to support its plans to drill six wells in Kansas, the US, for natural hydrogen exploration, for which a permit was secured last month (July).
Read more:Aussie firm granted Permit to Drill for natural hydrogen in Kansas
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