Fortescue sets out to meet strong Chinese demand for green iron
Workers stand around a vehicle as a truck is loaded with iron ore at the Fortescue Metals Group (FMG) Christmas Creek iron ore mine located south of Port Hedland in the Pilbara region of Western Australia. Picture taken November 17, 2015. REUTERS/Jim Regan Purchase Licensing Rights
Australia is positioned to meet strong demand from China for green iron, Fortescue (FMG.AX), opens new tab said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next year.
The world’s fourth-largest iron ore miner will use green electricity from solar farms at its Christmas Creek operations in Western Australia to produce 1,500 tons per year of high purity green iron.
READ the latest news shaping the hydrogen market at Hydrogen Central
Fortescue sets out to meet strong Chinese demand for green iron, source
