Australia’s green hydrogen fantasy won’t die

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Andrew “Twiggy” Forrest, the founder of Fortescue Metals Group, remains one of the most vocal global supporters of green hydrogen, despite multiple setbacks.

In 2021, Forrest announced plans to manufacture 15 million tonnes of green hydrogen per year by 2030.

He saw green hydrogen as a critical solution for decarbonising industries such as steel, shipping, and heavy transportation that are difficult to abate.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.