Fortescue Metals Group

Iron ore mining, green hydrogen, decarbonization

AU$46B market cap~15,700 staffest. 2003fortescue.com (opens fortescue.com)Checked 10 Oct

The brief

Analyst view
  • First hot metal produced at Green Metal Project using green hydrogen and electric smelting.
  • $50M investment toward 1,500+ tpa green iron production at Christmas Creek.
  • Partnership with China's TISCO on hydrogen-based ironmaking pilot targeting 5,000 tpa.

Technical approach

As reported
Hydrogen Reduction

Green hydrogen replaces fossil fuels

Hydrogen produced from renewable electricity splits iron oxide, reducing ore to sponge iron without burning coal or gas.

Electric Melting

Electric furnace instead of blast furnace

An electric smelting furnace melts sponge iron into liquid metal, powered by renewable electricity rather than coke combustion.

Scale-up

Pilot to commercial production

Fortescue is building renewable capacity—1.4+ GW solar and up to 1 GW wind—to supply green hydrogen and power at scale.

Primer