Iron ore giant Fortescue bets on green hydrogen in zero-carbon push

Aussie mining company to ease dependence on China and cultivate Japanese market

20210409N Aussie wind farm

Fortescue is looking to Tasmania to produce green hydrogen. The island state last year became fully powered by renewable energy. © AAP Image

FUMI MATSUMOTO, Nikkei staff writer

SYDNEY -- Fortescue Metals Group, an iron ore heavyweight supporting carbon-intensive steelmaking, has dived into the green hydrogen business in a mad dash to achieve carbon neutrality by 2030.

The world's No. 4 iron ore producer plans to start making "zero-emission" hydrogen using renewable energy as early as 2023 for export to Japan and other energy-hungry economies.

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