<
https://reneweconomy.com.au/fortescue-sees-billion-dollar-windfall-from-electric-truck-deal-but-trump-throws-spanner-into-green-timelines/>
"Andrew Forrest’s Fortsecue Metals expects a $US1 billion ($A1.6 billion)
revenue windfall from its massive electric truck deal, but says its timelines
for bigger green energy and green hydrogen projects could be impacted by the
uncertainty created by the new Trump administration.
The iron ore mining giant and emerging green energy player says its targets of
“real zero” for its Pilbara mining operations by 2030 remain intact, but
international projects – particularly its Pheonix, Arizona, green hydrogen play
– are facing delays because of the changes wrought by the new US government.
The real zero plan for the Pilbara is the truly ground-breaking initiative.
Forrest has argued that if Fortescue can achieve it, then it will show that the
rest of the world can and should follow. He has dismissed “net zero” targets,
which allow for the burning of fossils mitigated by “offsets”, as a con against
the climate.
The Pilbara net zero plan involves the massive $US2.8 billion ($A4.6 billion)
deal with Liebherr to supply 475 green mining machines, including about 360
autonomous battery-electric trucks, 55 electric excavators and 60
battery-powered dozers. It has also signed a deal with Maclean Engineering for
a fleet of 30 electric road graders.
The Liebherr mining trucks will use huge electric power systems built by
Fortescue Zero in the UK, a contract the company says would deliver revenue of
more than $US1 billion ($A1.6 billion) to supply the trucks destined for the
Pilbara mines and to third parties.
“A significant amount of that (contract) value will come back to the company,”
Fortescue Zero chief executive Mark Hutchinson said in the company’s interim
earnings call on Thursday. “There is a huge value in the IP we have created,
and this presents a significant commercial opportunity for what we’re doing at
Fortescue zero.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
