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Fortescue launches green energy accelerator platform

Published by , Editorial Assistant
Global Hydrogen Review,

Fortescue has announced the formation of Fortescue Capital, a new green energy investment accelerator platform, and an integral next step in Fortescue’s commitment to deliver green energy projects and decarbonisation investments.

The platform is tasked with delivering greater returns for shareholders, building on Fortescue’s reputation for generating the highest total shareholder returns of any company listed on the ASX since its inception, and having paid over AUS$35 billion in dividends to shareholders since 2011.

Fortescue Energy CEO, Mark Hutchinson, said: “Fortescue is taking its global pipeline of green hydrogen and green ammonia projects to Final Investment Decision (FID), and in doing so has communicated our intention and desire to bring additional equity investors onboard. Further, Fortescue has previously communicated its planned investment to decarbonise its Pilbara operations, and we see Fortescue Capital as an essential tool of engagement as we embark on both missions.”

Fortescue Capital CEO, Robert Tichio, said: “Fortescue has demonstrated leadership in calling for capital formation to support large scale, industrial solutions that can provide durable and high-impact decarbonisation pathways for difficult-to-decarbonise emitting categories. I am thrilled to join the talented and passionate team at Fortescue to bring these projects to a global set of institutional investors."

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