FMG News: Fortescue and E.ON sign deal to replace Russian gas with Australian green hydrogen - 30th Mar 2022, 4:02am

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Australian billionaire and Fortescue chair Andrew Forrest has pledged to produce and export enough green hydrogen to Germany to replace about a third of its gas imports from Russia, in an ambitious plan he said would require $50bn in investment. The move to produce 5mn tonnes of hydrogen, part of a memorandum of understanding between Forrest’s Fortescue Metals and German energy group E.ON, would mean building from scratch enough renewable energy capacity to power a country roughly the size ...

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