off-the-wire

Australia's Fortescue FFI sees Texas green hydrogen as likely a key project

Kitco Media
By Reuters
Published:
Updated:
Reuters
MELBOURNE, Feb 15 (Reuters) - Australia's Fortescue Metals Group sees green hydrogen production in Texas as likely to be one of five key projects its energy division will decide to invest in this year, its green energy chief said on Wednesday.


"The United States is a very different market than the rest of the world ... It’s probably going to be more like a hydrogen play because that’s what the market wants," said Mark Hutchinson, chief executive of Fortescue Future Industries on an earnings call.


He also said the U.S. inflation reduction act has made doing business in the U.S. domestic market more appealing.
(Reporting by Melanie Burton; Editing by Tom Hogue)

+613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
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