Fortescue Metals has lost its partner in the $116 million hydrogen electrolyser factory that will underpin its push into clean energy because of concerns about the economics of the Queensland project.
US hydrogen company Plug Power was supposed to be Fortescue’s 50:50 joint venture partner in what has been touted as the “world’s largest” electrolyser factory near Gladstone, but Plug chief executive Andrew Marsh confirmed on Thursday his company had withdrawn.
Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
