There’s arguably better money in Squadron parking its floating storage unit in Egypt longer than repatriating it to Australia, where gas supply is projected to tighten significantly later this decade.
BHP says Chinese blast furnaces have a long way to run, and unveiled a big breakthrough with Baowu. If BHP is right, the Pilbara golden goose will be just fine, countering Andrew Forrest’s claim the region risks becoming a wasteland.
The Andrew Forrest-led Fortescue is looking to sell cattle stations it acquired in 2022 at the height of its plans to build vast wind and solar farms.
Mark Hutchinson says Fortescue ‘gave it a good crack and we’re not done’. He will leave the iron ore miner turned green energy hopeful before Andrew Forrest’s hydrogen vision is ever realised.
Call it inevitable, call it what you will, but Fortescue Energy boss Mark Hutchinson has finally left the building, after the retreat from green hydrogen left him with next to nothing to do.
Two of Fortescue’s top executives will leave as part of an overhaul of the miner as it juggles iron ore growth with ambitions to build a major clean energy arm.
Fortescue’s troubled Iron Bridge magnetite operations are three years away from achieving production capacity, and the project is essential to billionaire Andrew Forrest’s plan to raise the iron content of its ore.
The gas has well and truly escaped from hydrogen-loving Fortescue which has shut a newly opened US plant after pocketing a lucrative financial incentive of almost $18m to set up there.
A green hydrogen project in the NT which counted Osaka Gas as one of its backers has been paused. It is the latest setback for true believers of the renewable energy source, after Andrew Forrest’s Fortescue cut 90 jobs this week.
A key piece of Squadron Energy’s LNG import terminal will not return to Australia until 2027. The delay leaves the already fragile east coast gas market exposed to greater risk.
Fortescue’s now mothballed Gladstone electrolyser factory was a veritable sponge for federal and state green grants worth $60m. So will the federal and state governments ask for a refund?
On a day when Fortescue cut 90 hydrogen jobs, Macquarie says there’s evidence the energy security concerns of major companies have been prioritised over climate action.
Never before has the once-proud sporting state of WA endured such miserable failure, and now is the time for the NRL to bash down the door and finish the demolition job.
A year on from their Parisian encounter, Andrew Forrest and Leila Benali are both pushing Moroccan renewable energy on the UK government – but not quite at the same time.
Nicola and Andrew Forrest, who have funded a new David Attenborough documentary, are pushing for 30 per cent of the world’s oceans to become marine parks.
A Federal Court judge has taken a swing at Andrew Forrest’s Fortescue, suggesting its lack of legal urgency over the case against two of its former execs could see her into retirement.
Billionaire Andrew Forrest is not giving up entirely on his hydrogen dreams, backing Perth-based HyTerra in a US-drilling program.
ASX-bound Greatland Gold’s $700m-plus deal for gold and copper mines is making its backers, including Andrew Forrest, a lot of money. But it took connections and luck to make it happen.
Andrew Forrest’s arrival on Time’s 100 influencers list is a triumph of self promotion. But maybe someone should have looked at his record, not just the hot air.
Fortescue has started work on one of the giant solar farms it needs to turn iron ore mines green and is forking out $350m for electric drill rigs.
Fortescue founder Andrew Forrest says the pressure is now on the US President to rejuvenate economies damaged by a global tariff storm that sent sharemarkets on a rollercoaster ride.
Billionaire Andrew Forrest says young Australian men are under the mistaken impression that nuclear energy is ‘pretty cool’.
Andrew Forrest says whoever wins the election must force Meta to run its Australian operations via a local entity to stop it bypassing local laws and facilitating organised crime.
Business leaders have agonised over a global economic hit from US President Donald Trump’s sweeping intervention on tariffs, which will ripple through world trade and inflate costs.
Meta has disclosed the number of scam advertisements featuring Andrew Forrest, during a hearing in a California court as part of his lawsuit against the tech titan.
Chairman Richard Spencer has ruled out caving in to Hanwha’s demands for a seat on the Austal board and described his number one shareholder Andrew Forrest ‘as an Australian patriot’.
Advisory firm Jarden has been tapped to buy an initial 9.9 per cent interest in the Australian-listed ship builder.
Matt Damon and John Kerry have arrived in London for King Charles’ eco-summit, but the star was Andrew Forrest’s Green Pioneer, a ship that runs on ammonia.
One of the world’s biggest renewable energy projects will seek external funding as Mike Cannon-Brookes tests financiers’ appetite for the giant SunCable project.
A hyped pact between Andrew Forrest’s Fortescue and a major US green hydrogen developer has been quietly dissolved, as developers pull back from projects following the election of Donald Trump.
Original URL: https://www.theaustralian.com.au/topics/andrew-forrest