Global Infrastructure SherpaFortescue acquires Phoenix Hydrogen for low carbon ammonia project
Fortescue acquired Phoenix Hydrogen to advance its low carbon ammonia project in the United States, expanding its green energy portfolio.
Source Intelligence
Phase One of the PHH project is planned to be an 80MW electrolyzer and liquefaction facility, capable of producing up to 12,000 tonnes of liquified green hydrogen annually, which can displace the equivalent of 10 million gallons of diesel consumption per year. "Phase One of the PHH project is planned to be an 80MW electrolyzer and liquefaction facility, capable of producing up to 12,000 tonnes of liquified green hydrogen annually, which can displace the equivalent of 10 million gallons of diesel consumption per year."
"Fortescue Future Industries (FFI) has made its first major move in the United States following the passage of the Inflation Reduction Act, investing US$24M to acquire a 100 per cent interest in Phoenix Hydrogen Hub, LLC (PHH)."
"Fortescue Future Industries (FFI) has made its first major move in the United States following the passage of the Inflation Reduction Act, investing US$24M to acquire a 100 per cent interest in Phoenix Hydrogen Hub, LLC (PHH)."
"FFI is acquiring PHH from an affiliate of Nikola Corporation."
"Nikola, whose trucks are manufactured in Coolidge, Arizona, will be a potential customer of liquified green hydrogen from the hub to support the deployment of its heavy-duty, zero-emission hydrogen fuel cell electric vehicles and hydrogen refuelling stations in California and the U.S. Southwest."