Fortescue officially launches its first U.S. green hydrogen production facility, Arizona Hydrogen, with soil turn ceremony in Buckeye, Arizona
escue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America with a soil turn ceremony and renaming of our green hydrogen facility in Buckeye, Arizona to Arizona Hydrogen.
At the 158-acre facility site, Fortescue Executive Chair and Founder Dr. Andrew Forrest AO praised the Biden Administration’s commitment to the energy transition, but cautioned there is more work to be done.
According to new economic data from NDP Analytics, during the two-year construction phase, Arizona Hydrogen has the potential to create up to 2,244 direct, indirect, and induced jobs that could earn $124.2 million in wages. The facility could add $187.8 million to Arizona’s GDP and generate a potential $31.7 million in income and sales taxes for state and local governments.
During the operation phase, Arizona Hydrogen is expected to employ 40 people at the facility itself, as part of a potential 431 direct, indirect, and induced jobs that could earn $29.3 million in wages. Arizona Hydrogen could also add $59.2 million to Arizona’s GDP, and generate $9.1 million income and sales taxes for state and local governments annually.
Arizona Hydrogen is slated to produce up to 11,000 tons of liquid green hydrogen annually and is strategically positioned to significantly contribute to the decarbonization of the heavy-duty on-road transportation sector. The southwest market consumes approximately 5 billion gallons of diesel annually in heavy-duty transport, making PHH a vital player for reducing emissions in the mobility sector.
Tags: Arizona, Fortescue, Green Hydrogeen, US
Recent Posts
Vedanta Aluminium signs pact with GAIL for supply of natural gas
HMM introduces South Korea’s first LNG-powered vessels
NGEL inks pact with NREDCAP in Andhra for RE projects
Global warming won’t end if net zero is redefined
The Liberian Registry and Korean Register (KR) grant AiP to Samsung
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India