Australia's energy and iron ore producers bet big on hydrogen

Woodside and Fortescue jump on global decarbonization bandwagon

20220118 Australia ore mine

An iron ore mine in Western Australia: The country's energy and mining companies are looking urgently for new sources of revenue amid the global push to decarbonize.  © Reuters

FUMI MATSUMOTO, Nikkei staff writer

SYDNEY -- Australia's Woodside Petroleum and Fortescue Metals Group are working to commercialize hydrogen production as they try to find new sources of revenue amid growing global momentum for decarbonization.

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