Fortescue ends interest in Russian hydrogen sector
Australian firm retreats from possible ventures following invasion of Ukraine
Australia’s Fortescue Future Industries, the renewables arm of major iron ore producer Fortescue Metals Group, has halted its interest in investing in hydrogen projects in Russia in response to the invasion of Ukraine. The company had been working closely with senior Russian government officials on potential projects and had agreed to join a working group to help drive the development of the hydrogen sector in the country, although it had not announced any firm investments. “We have been trying to work with Russia for some time, but we have made incredibly clear that you just have no excuse to go and invade another country,” Andrew Forrest, chairman of parent company Fortescue Metals, told A
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries