Fortescue approves $750 million investment in clean energy and metallurgy projects

Fortescue Metals Group has approved two clean energy projects and another to produce iron from renewable energy, with planned investments totaling approximately $750 million over the next three years.

Fortescue board directors have approved investments in the Phoenix Hydrogen Hub in the United States, the Gladstone PEM50 project in Queensland, Australia and a green iron testing plant in Western Australia, it has been announced Tuesday the company.