Fortescue aims to split the bill on hydrogen build
Peter KerResources reporter
Updated
Fortescue will use debt, government grants and equity sell-downs to minimise the toll on its balance sheet from the estimated $US4 billion ($5.9 billion) cost of its next two hydrogen projects.
Insights into the potential capital required of the next wave of hydrogen projects came as Fortescue raised its dividend by 16 per cent and reported a $US5.7 billion annual underlying profit on Wednesday.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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