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
Yara Birkeland Marks Three Years of Pioneering Zero-Emission Maritime Operations
HD Hyundai, Maersk Collaborate on Innovation in Decarbonization and Smart Logistics
First ship to have pioneering sensor installed to measure emissions of particles
Incat Tasmania launches world’s largest battery-electric ship
India to supply 4.12 lakh tonne green hydrogen derivatives to Japan, Singapore
Green hydrogen gets official stamp as India notifies certification scheme
Wärtsilä expands methane slip reduction capabilities by introducing NextDF technology
GS E&C, Amogy, and HD Hyundai Infracore partner with South Korean City Pohang-si