Market Chatter: Fortescue Ends Green Hydrogen Deal with US Partner

MT Newswires Live

Mar 06, 2025

Fortescue (ASX:FMG) has terminated its green hydrogen investment partnership with US-based Plug Power due to escalating challenges in the sector, according to a Thursday report by the Australian.

The move follows mounting production costs, infrastructure bottlenecks, and weak demand for green hydrogen, with Fortescue reassessing its project timelines, per the report.

The deal, which included joint ventures in Texas and Arizona, was initially signed in 2022 but has now been dissolved as part of Fortescue's broader restructuring, the report added.

Fortescue did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517975005","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517975005","pubTimestamp":1741219607,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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