Investing In A Greener Future

Fortescue's Green Metal Project: A Milestone in Sustainable Steel Production

Investing in a Greener Future

Fortescue Metals Group (FMG) has embarked on a groundbreaking initiative to establish a green metal supply chain with the commencement of its Green Metal Project in Western Australia's Pilbara region.

This ambitious project, backed by a significant investment of $32 million in state funding, aims to produce green iron using renewable energy sources.

A Collaborative Effort

The Green Metal Project is the result of a collaboration between FMG and Fabrum, a New Zealand-based company specializing in hydrogen technology.

Fabrum designed the project, which includes a $755 million hydrogen hub to generate green hydrogen for the production of green iron.

Benefits for the Environment and Economy

The Green Metal Project is not only a significant investment in sustainable steel production but also a major economic driver for the Pilbara region.

The project is expected to create new jobs and support local businesses, while also reducing greenhouse gas emissions from the steelmaking process.

A Commitment to Sustainability

FMG's investment in green metal production underscores its commitment to environmental stewardship and its role in the global transition to a low-carbon economy.

The company aims to be carbon neutral by 2030 and to produce zero-emission iron ore by 2040.

Key Milestones

August 16, 2024:

• Fortescue marks the start of works at its Green Metal Project.
• The project receives $2 million in state funding.

Project Scope:

• $755 million project to produce green iron using renewable energy.
• Hydrogen hub designed by Fabrum.

Environmental Benefits:

• Reduces greenhouse gas emissions from steelmaking.
• Supports the transition to a low-carbon economy.

Economic Benefits:

• Creates new jobs in the Pilbara region.
• Supports local businesses.