Fortescue remains steadfast in its green hydrogen commitments, but its financial discipline will always come first.
That was the message from Fortescue Energy CEO, Mark Hutchinson, on an investor call last Wednesday (July 25), after the iron ore giant announced a series of job cuts and pushed back its plans to produce 15 million tonnes of green hydrogen by 2030.
The move caused a significant stir across the hydrogen industry. A longstanding and vocal cheerleader of hydrogen, Fortescue came under fire from critics for stepping back on its commitments, which brought policy moves from the Australian Government into question.
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